Bonds decline, call rates maintain higher

Government bonds (G-Secs) declined on selling pressure from banks and corporates but the overnight call money rates maintained higher following sustained demand from borrowing banks amid tight liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 slid to Rs 103.8650 from Rs 104.51 previously, while its yield went-up to 7.01 per cent from 6.92 per cent.
The 7.59 per cent government security maturing in 2029 slipped to Rs 104.35 from Rs 105.14, while its yield moved up to 7.06 per cent from 6.97 per cent.
The 7.61 per cent government security maturing in 2030 dipped to Rs 105.23 from Rs 105.9650, while its yield rose to 7.09 per cent from 7.01 per cent.

The 7.88 per cent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 6.97 per cent government security maturing in 2026 were also quoted lower at Rs 106.76, Rs 103.80 and Rs 100.79 respectively.
The overnight call money rates finished marginally lower at 6.45 per cent from Wednesday's level 6.40 per cent. It resumed higher at 6.53 per cent and moved in a wide range 6.55 per cent and 5.60 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 76.72 billion in a 7-bids at the overnight repo auction at a fixed rate of 6.50 per cent as on today, while its sold securities worth Rs 39.92 billion from 27-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on September 28.