Bonds ends narrowly mixed, call rates hold stable

Government bonds (G-Secs) ended narrowly mixed in quiet trade due to alternate bouts of buying and selling even as rate cut hopes continued to dominate trading sentiment.
While, the overnight call money rates finished stable as demand from borrowing banks matched supplies.
The 7.59 per cent government security maturing in 2026 declined to Rs 101.3875 from Rs 101.4075 yesterday, while its yield remained steady at 7.38 per cent.
The 7.68 per cent government security maturing in 2023 moved down to Rs 101.5675 as compared to Rs 101.57, while yield was unaltered at 7.40 per cent.
The 7.28 per cent government security maturing in 2019 softened to Rs 100.6050 from Rs 100.61, while yield was unchanged at 7.04.

However, the 7.59 per cent government security maturing in 2029 firmed up to Rs 100.38 as against Rs 100.2675 previous, its yield inched down to 7.54 from 7.55 per cent.

The 7.88 per cent government security maturing in 2030 rose to Rs 102.5650 from Rs 102.51, while its yield inched down to 7.57 per cent from 7.58 per cent.
The 7.80 per cent government security maturing in 2023,the 7.72 per cent government security maturing in 2025 and the 8.27 per cent government security maturing in 2020 were also substantially higher at Rs 102.2650 Rs 101.42 and Rs 103.75, respectively.
The overnight call money rates settled virtually steady at 6.50 per cent after moving in a range of 6.65 and 6.10 in early trade.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 199.94 billion in 38-bids at the three-day repo auction at a fixed rate of 6.50 per cent this evening.
It sold securities worth Rs 25.99 billion from 30-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent late yesterday.