Bonds end mixed, call rates tumble

The government bonds finished mixed due to alternate bouts of buying and selling.
While, overnight call money rates tumbled owing to lack of demand from borrowing banks coupled with comfortable liquidity in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 declined to Rs 100.2475 from Rs 100.38 Tuesday, while its yield moved up 8.79 per cent from 8.77 per cent.
The 8.12 per cent government security maturing in 2020 dropped to Rs 94.8175 from Rs 94.86, while yield looked up to 9.16 per cent from 9.15 per cent.
The 8.28 per cent government security maturing in 2027 fell to Rs 92.53 from Rs 9.24, while yield firmed up to 9.26 per cent from 9.24 per cent.

However, the 7.28 per cent government security maturing in 2019 rose to Rs 93.19 from Rs 93.1425, while yield softened to 8.92 per cent from 8.93 per cent.

The 8.32 per cent government security maturing in 2032 strengthened to Rs 92.00 from Rs 91.93, while yield slipped to 9.23 per cent from 9.24 per cent.
The 9.15 per cent government security maturing in 2024 also hardened to Rs 99.80 from Rs 99.70, while yield eased to 9.18 per cent from 9.19 per cent.
The overnight call money fell sharply to 6.90 per cent from 9.00 per cent previously. It fluctuated between a high of 8.20 per cent and a low of 6.90 per cent earlier.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 278.83 billion in 36-bids at the 1-day repo auction at a fixed rate of 8.00 per cent on today morning.