Bonds end mixed, call rates recover

The government bond (G-Secs) prices showed a mixed performance due to alternate bouts of buying and selling amid steep rupee fall.
While, the inter-bank call money rates rebounded on the back of good demand from borrowing banks in the face of tight liquidity conditions in the banking system.
The rupee plunged to a two-week low of 66.61 against the US dollar.
The 7.88 per cent government security maturing in 2030 declined to Rs 99.55 from weekend level of Rs 99.61, while its yield inched up to 7.93 per cent.
The 7.68 per cent government security maturing in 2023 slipped to Rs 99.8950 against Rs 99.9275 previously, its yield gained to 7.70 per cent.

The 8.27 percent government security maturing in 2020, the 7.35 per cent government security maturing in 2024 and the 7.73 per cent government security maturing in 2034 were also quoted substantially lower at Rs 102.2975, Rs 97.60 and Rs 97.48, respectively.

However, the 7.72 per cent government security maturing in 2025 firmed up to Rs 99.97 compared to Rs 99.94, while its yield softened to 7.72 per cent.
The 7.59 per cent government security maturing in 2029 also edged higher to Rs 98.40 from Rs 98.3275, its yield eased to 7.78 per cent.
The overnight call money rates rebounded to end at 6.25 per cent from last Friday's of 6.00 per cent. It moved in a range of 6.90 per cent and 6.00 per cent.

Meanwhile, Reserve Bank,under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 78.49 billion in 22-bids at the one-day repo auction at a fixed rate of 6.75 per cent today.