Bonds remain bearish, call rates ends lower

The government bonds prices remained bearish on sustained selling from banks and corporates and the overnight call money rates also ended lower owing to lack of demand from borrowing banks amidst ample liquidity in the banking system.
The 8.83 per cent government security maturing in 2023 fell to Rs 101.43 from Rs 101.7975 yesterday, while its yield climbed to 8.61 per cent from 8.55 per cent.
The 8.28 per cent government security maturing in 2027 dropped to Rs 94.84 from Rs 95.0950, while its yield gained to 8.94 per cent from 8.91 per cent.
The 8.12 per cent government security maturing in 2020 also declined to Rs 96.76 from Rs 97.1375, while its yield moved up to 8.75 per cent from 8.68 per cent.

The 7.28 per cent government security maturing in 2019, the 8.24 per cent government security maturing in 2027 and the 7.16 per cent government security maturing in 2023 were also quoted down at Rs 94.3850, Rs 94.57 and Rs 89.10, respectively.
The overnight call money rate finished lower at 6.85 per cent from 8.20 per cent previously. It moved in a wide range of 8.15 per cent and 6.85 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 404.51 billion in 62-bids at the One-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 6.18 billion from 4-bids at the One-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.