Bonds declines, call rate ends higher

The government securities (G-Sec) bonds turns bearush on selling from banks and corporates, while the overnight call money rates recovered at the overnight call money market here today on fresh demand from borrowing banks.
The 8.83 per cent 10-year benchmark bond maturing in 2023 declined to Rs 99.50 from Rs 99.77 previously, while its yield moved-up to 8.90 per cent from 8.86 per cent.
The 8.12 per cent government security maturing in 2020 fell to Rs 94.47 from Rs 94.60, while yield gained to 9.23 per cent from 9.21 per cent.
The 8.28 per cent government security maturing in 2027 also dipped to Rs 92.1750 from Rs 92.33, while yield edged-up to 9.31 per cent from 9.29 per cent.

The 7.28 per cent government security maturing in 2019, the 8.24 per cent government security maturing in 2027 and the 8.24 per cent government security maturing in 2027 also finished lower at Rs 92.86, Rs 92.05 and Rs 87.05, respectively.
The overnight call money rate ended slightly higher at 7.00 per cent from 6.95 per cent last Friday. It moved in a range of 8.10 per cent and 7.00 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 116.81 billion in 14-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 62.73 billion from 12-bids at the 3-days reverse repo auction at a fixed rate of 7.00 per cent last Friday.