Bonds decline, call rates slips

Government bonds (G-Secs) declined further on sustained selling pressure from banks and corporates.
The overnight call money rate slipped at the money market due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 eased to Rs 103.31 from Rs 103.36 previously, while its yield edged up to 7.90 per cent from 7.89 per cent.
The 8.60 per cent government security maturing in 2028 moved down to Rs 105.26 from Rs 105.27, while its yield held stable at 7.95 per cent.
The 8.27 per cent government security maturing in 2020 also fell to Rs 100.8250 from Rs 101.94 while its yield moved- up to 8.06 per cent from 8.04 per cent.

The 8.15 per cent government security maturing in 2026, the 8.83 per cent government security maturing in 2026 and the 8.28 per cent government security maturing in 2027 were also quoted lower at Rs 101.8250, Rs 104.8025 and Rs 101.72, respectively.
The overnight call money rates ended lower at 7.50 per cent from yesterday's closing level of 9.00 per cent. It opened lower at 8.25 and moved in a range of 8.50 per cent and 7.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 163.36 billion in 43-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today, while it sold securities worth Rs 19.06 billion from 10-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on Jan 05.