Bonds, call rates decline

Government bonds (G-Secs) declined on selling pressure from banks and corporates and the overnight call money rates also ended lower owing to subdued demand from borrowing banks amid ample liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 slipped to Rs 100.7850 from Rs 100.8650 previously, while its yield inched up to 7.47 per cent from 7.46 per cent.
The 7.88 per cent government security maturing in 2030 eased to Rs 100.9975 from Rs 101.0325, while its yield edged up to 7.76 per cent from 7.75 per cent.
The 8.27 per cent government security maturing in 2020 fell to Rs 103.15 from Rs 103.1750, while its yield moved up to 7.35 per cent from 7.34 per cent.

The 7.59 per cent government security maturing in 2029, the 7.61 per cent government security maturing in 2030 and the 7.68 per cent government security maturing in 2023 were also quoted lower to Rs 99.19 and Rs 99.54 and Rs 100.50, respectively.
The overnight call money rates finished lower at 6.25 per cent from Monday's close of 6.35 per cent. It resumed higher at 6.55 per cent and moved in a range of 6.60 per cent and 6.25 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 87.85 billion in a 13-bids at the overnight repo auction at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 32.32 billion from 24-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on May 30.