Bonds drop, call rates rule stable

Government bonds (G-Secs) dropped further on heavy selling pressure from banks and corporates.
However, interbank call money rates remained steady as demand from borrowing banks matched supplies.
The 7.59 per cent government security maturing in 2026 decreased to Rs 105.01 from Rs 105.21 previously, while its yield moved up to 6.85 per cent from 6.82 per cent.
The 7.59 per cent government security maturing in 2029 weakened to Rs 105.15 from Rs 105.42, while its yield edged up to 6.96 per cent from 6.93 per cent.
The 6.97 per cent government security maturing in 2026 slid to Rs 101.6975 from Rs 101.94, while, its yield rose to 6.73 per cent from 6.70 per cent.

The 7.61 per cent government security maturing in 2030, the 7.88 per cent government security maturing in 2030 and the 7.68 per cent government security maturing in 2023 also quoted lower at Rs 105.92, Rs 107.61 and Rs 104.7850, respectively.
The overnight call money rate ended stable at its previous level of 6.20 per cent after trading in a range of 6.28 per cent and 6.05 per cent.
Meanwhile, Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 30.71 billion in 9-bids at the 3-days repo auction at a fixed rate of 6.25 per cent today morning, while it sold securities worth Rs 29.05 billion in 22-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on October 6.