Bonds extend slide, call rates recovers

The government bond (G-Sec) prices extended their fall for the third straight day due to consistent unwinding from banks and corporates.
While, the overnight call money rate recovered due to renewed demand from borrowing banks.
The 8.40 per cent government security maturing in 2024 slipped to Rs 104.20 from Rs 104.2750 previously, while its yield inched up at 7.76 per cent from 7.75 per cent.
The 8.60 per cent government security maturing in 2028 dropped to Rs 106.72 from Rs 106.7450 while its yield inched up to 7.78 per cent from 7.77 per cent.
The 8.15 per cent government security maturing in 2026 fell to Rs 103.43 from Rs 103.4475, while its yield ruled steady to 7.70 per cent.

The 8.27 per cent government security maturing in 2020, 8.28 per cent government security maturing in 2027 and 7.28 per cent government security maturing in 2019 were also quoted lower at Rs 101.8500, Rs 103.4900 and Rs 98.2500 respectively.
The overnight call money rates ended higher at 7.20 per cent from tuesday's closing level of 6.75 per cent. It moved in a range of 7.75 per cent and 7.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 193.33 billion in 50-bids at the 1-day repo auction at a fixed rate of 7.50 per cent today morning, while it sold securities worth Rs 150.35 billion from 22-bids at the 1-day reverse repo auction at a fixed rate of 6.50 per cent at March 10.