Bonds ease, call rate ends higher

The government securities (G-Sec) eased on selling from banks and corporates while, the overnight call money market rates ended higher on good demand from borrowing banks.
The 8.83 per cent 10-year benchmark bond maturing in 2023 declined to Rs 100.0975 from Rs 100.22 yesterday, while its yield moved-up to 8.81 per cent from 8.79 per cent.
The 8.12 per cent government security maturing in 2020 fell to Rs 94.77 from Rs 94.85, while its yield gained to 9.17 per cent from 9.15 per cent.
The 7.28 per cent government security maturing in 2019 also dipped to Rs 93.07 from Rs 93.15, while its yield climbed to 8.96 per cent from 8.94 per cent.

The 8.28 per cent government security maturing in 2027, the 8.24 per cent government security maturing in 2027 and the 7.16 per cent government security maturing in 2023 were also quoted lower at Rs 92.59, Rs 92.34 and Rs 87.25, respectively.
The overnight call money rate finished higher at 7.90 per cent from 7.05 per cent yesterday after moving in a wide range of 8.40 per cent and 7.50 per cent and the 3-days call money also ended higher at 8.40 per cent as against 7.75 per cent last Friday. It moved in a range of 8.50 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 52.07 billion in 14-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 78.23 billion from 26-bids at the one-day reverse repo auction at a fixed rate of 7.00 per cent last evening.