Bonds, call rate slip

The government bond (G-Sec) prices slipped on selling from banks and corporates, and the over- night call money rate also ended lower due lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 declined to Rs 101.80 from Rs 101.88, while its yield edged-up to 8.55 per cent from 8.54 previously.
The 8.28 per cent government security maturing in 2027 dropped to Rs 97.28 from Rs 97.46, while its yield moved up to 8.63 per cent from Rs 8.60 per cent.
The 8.12 per cent government security maturing in 2020 dipped to Rs 97.85 from Rs 98.00, while its yield gained to 8.56 per cent from 8.53 per cent.

The 8.24 per cent government security maturing in 2027 also fell to Rs 97.01 as against Rs 97.13, while its yield advanced to 8.63 per cent from 8.61 per cent.
The 8.35 per cent government security maturing in 2022, 7.28 per cent government security maturing in 2019 and 8.60 per cent government security maturing in 2028 were also quoted lower at Rs 98.66, Rs 95.42 and Rs 101.18, respectively.
The overnight call money rates finished lower at 7.05 per cent from yesterday's level of 7.50 per cent. It moved in wide range of 8.25 per cent and 6.00 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 161.67 billion in 38-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 45.65 billion from 18-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent last Friday.