Bonds finish mixed, call rates firm up

Government bonds (G-Secs) prices displayed a mixed trend today due to alternate bouts of buying and selling on the back of highly volatile currency market.
The interbank call money rate firmed up further due to sustained demand from borrowing banks as well as tight liquidity conditions in the banking system.
The 7.59 per cent government security maturing in 2026 and the 8.27 per cent government security maturing in 2020 decline to Rs 99.63 from Rs 99.69 and Rs.101.9450 from Rs 102.18, while its yield rose to 7.64 per cent and 7.72 per cent respectively.
The 7.59 per cent government security maturing in 2029 and the 7.88 per cent government security maturing in 2030 rose to Rs 97.4650 from Rs.97.3250 and Rs 98.8750 from Rs 98.86, while its yield decline to 7.90 per cent and 8.01 per cent, respectively.

However, the 7.72 per cent government security maturing in 2025, the 7.68 per cent government security maturing in 2023 and the 6.35 per cent government security maturing in 2020 were quoted substantially lower at Rs 99.43, Rs 98.8750 and Rs 95.47, respectively.
The overnight call money rates finished firmly higher at 7.50 per cent from Friday's closing level of 6.00 per cent after fluctuating between 6.95, 7.55 per cent and 6.30 per cent during the trade.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF),purchased securities worth Rs 236.17 billion in 46-bids at Fixed Rate repo operations at a fixed rate of 6.75 per cent this evening, while it sold securities worth Rs 4.12 billion from 9-bids at the reverse repo auction at a fixed rate of 5.75 per cent held on March 5.