Bonds remain mixed; call rates recover

The government bond (G-Sec) remained mixed on alternate bouts of buying and selling.
While, the overnight call money rate recovered on good demand from borrowing banks amidst tight liquidity in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 eased to Rs 101.04 from Rs 101.0750 previously, while its yield ruled stable at 8.66 per cent.
The 8.35 per cent government security maturing in 2022 moved down to Rs 97.95 from 97.9850, while its yield held stable at 8.71 per cent.
The 8.12 per cent government security maturing in 2020 fell to Rs 97.38 as against Rs 97.43, while its yield edged up to 8.66 per cent from Rs 8.65 per cent.

However, the 8.28 per cent government security maturing in 2027 climbed to Rs 97.95 from Rs 97.9850, while its yield held steady at 8.71 per cent.

The 7.16 per cent government security maturing in 2028, gained to Rs 90.35 from Rs 90.30, while its yield edged down to 8.73 per cent from 8.74 per cent.
The 8.24 per cent government security maturing in 2027, moved up by Rs 96.28 from Rs 96.20, while its yield inched down to 8.73 per cent from 8.74 per cent.
The overnight call money rate ended higher at 7.50 per cent from yesterday's close of 7.01, it moved in a range of 8.25 per cent to 7.25 per cent per cent. The 3-days call money rate ended lower to 8.00 per cent as against 8.70 per cent last Friday. It moved in a range of 9.00 per cent and 7.65 per cent earlier.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 20.25 billion in 8-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 207.10 billion from 39-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent last evening.