Bonds drop further, call rates ends lower

The government securities (G-Sec) dropped frurther on sustained selling pressure from banks and corporates, while the call money rates ended lower at the overnight call money market here today due to lack demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 dropped to Rs 99.75 from Rs 100.07 previously, while its yield moved-up to 8.87 per cent from 8.82 per cent.
The 8.28 per cent government security maturing in 2027 declined to Rs 92.20 from Rs 92.40, while its yield gained at 9.29 per cent from 9.27 per cent.
The 7.16 per cent government security maturing in 2023 also fell to Rs 87.50 from Rs 87.75, while its yield rose to 9.17 per cent from 9.13 per cent.

The 7.28 per cent government security maturing in 2019, the 8.12 per cent government security maturing in 2020 and the 8.07 per cent government security maturing in 2017 also went down to Rs 92.88, Rs 95.17 and Rs 98.40, respectively.
The overnight call money rate ended lower at 8.70 per cent from 8.75 per cent yesterday.It moved in a range of 8.85 per cent and 8.70 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 409.27 billion in 64 bids at the two-days repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 0.22 billion from 2-bids at the two-days reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.