Bonds, call rates remain lower

Government bonds (G-Secs) continued to remain lower on heavy selling pressure from banks and corporates and the overnight call money rates also ended lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system.
The 7.59 per cent government security maturing in 2026 dipped to Rs 103.52 from Rs 103.61 previously, while its yield rose to 7.07 per cent from 7.05 per cent.
The 7.59 per cent government security maturing in 2029 moved down to Rs 103.60 from Rs 103.76, while its yield edged up to 7.15 per cent from 7.13 per cent.
The 7.61 per cent government security maturing in 2030 fell to Rs 104.52 from Rs 104.6475, while its yield went-up to 7.09 per cent to 7.07 per cent.

The 7.88 percent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 7.72 per cent government security maturing in 2025 were also quoted lower at Rs 106.13, Rs 103.56 and Rs 103.7775 respectively.
The overnight call money rates finished lower at 6.25 per cent from Monday's level 6.35 per cent. It resumed higher at 6.55 per cent and moved in a range of 6.58 per cent and 6.25 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 33.91 billion in 8-bids at the overnight repo auction at a fixed rate of 6.50 per cent as on today, while its sold securities worth Rs 34.17 billion from 19-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on September 19.