Bond prices continue to fall; call rates end lower

The government bond (G-Sec) prices weakened further on the back of sustained selling from corporates and market participants.
Call rates also dropped at the overnight call money market due to lack of demand from borrowing banks amid ample liquidity conditions in the banking system.
The 8.40 per cent government security maturing in 2024 fell to Rs 102.99 from Rs 103.71, while its yield climbed at 7.93 per cent from 7.82 per cent.
The 7.72 per cent government security maturing in 2025 declined to Rs 100.0250 from Rs 100.5375, while its yield went up to 7.72 per cent as compared to 7.64 per cent.

The 8.60 per cent government security maturing in 2028 dipped to Rs 104.90 from Rs 105.76, while its yield gained to 7.99 per cent from 7.88 per cent.
The 8.27 per cent government security maturing in 2020, the 8.15 per cent government security maturing in 2026 and the 7.88 per cent government security maturing in 2030 quoted lower at Rs 101.35, Rs 101.13 and Rs 99.6475 respectively.
The interbank call rates ended lower at 6.25 per cent from Monday's closing level at 6.80 per cent, its moved in a wide range of 7.60 per cent and 5.75 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 44.08 billion in 13-bids at the 1-day repo auction at a fixed rate of 7.50 per cent this morning, while it sold securities worth Rs 65.97 billion from 27-bids at the 2-days reverse repo auction at a fixed rate of 6.50 per cent late yesterday.