Bonds settle mixed

The government securities (G-Sec) settled mixed on alternate bouts of buying and selling. The 9.15 per cent G-Sec maturing in 2024 moved down to Rs 104.33 from last weekend’s level of Rs 104.40, while its yield inched up to 8.58 per cent from 8.57 per cent. The 8.79 per cent G-sec maturing in 2021 declined to Rs 101.42 from Rs 101.58, while its yield moved up to 8.57 per cent from 8.54 per cent.

The 8.97 per cent G-sec maturing in 2030 and the 8.26 per cent G-sec maturing in 2027 also quoted lower at Rs 101.50 and Rs 97.2625, respectively. However, the 8.19 per cent G-Sec maturing in 2020 firmed up to Rs 98.60 from Rs 98.38, while its yield moved down to 8.44 per cent from 8.48 per cent.

Call rate improves further The call rate improved further at the overnight call money market here on Monday due to sustained demand from borrowing banks. The overnight call money rate finished slightly higher at 8.35 per cent from last Friday’s close of 8.30 per cent. It moved in a range of 8.65 per cent and 8.25 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 94,250 crore from 46 bids at the one-day repo auction at a fixed rate of eight per cent and sold securities worth Rs 15 crore from one bid at the one-day reverse repo auction at a fixed rate of seven per cent.