Bonds remain bearish, call rate ends higher

The government securities (G-Sec) continued to remain bearish on sustained selling from banks and corporates while the overnight call money market rate ended higher due to consistent demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 declined to Rs 100.1725 from Rs 100.3150, while its yield edged-up to 8.80 per cent from 8.79 per cent.
The 8.28 per cent government security maturing in 2027 fell to Rs 93.83 from Rs 94.02, while its yield moved up to 9.08 per cent from 9.06 per cent.
The 8.24 per cent government security maturing in 2027 also dropped to Rs 93.67 from Rs 93.84, while its yield gained to 9.08 per cent from 9.06 per cent.

The 8.35 per cent government security maturing in 2022, the 8.12 per cent government security maturing in 2019 and the 6.07 per cent government security maturing in 2014 were also quoted lower at Rs 96.60, Rs 95.95 and Rs 99.95, respectively.
The overnight call money rate finished higher at 9.00 per cent from 7.25 per cent yesterday and it moved in a range of 9.15 per cent and 7.80 per cent.
The Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 117.68 billion in 28-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 63.65 billion from 19-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.