Bonds slip, call rate remains higher

The government securities (G-Sec) slipped on selling from banks and corporates, while the overnight call money market rate remained higher due to sustained demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 fell to Rs 99.65 from Rs 99.85, while its yield rose to 8.88 per cent from 8.85 per cent.
The 8.12 per cent government security maturing in 2020 declined to Rs 95.6650 from Rs 95.76, while its yield moved-up to 9.00 per cent from 8.98 per cent.
The 8.24 per cent government security maturing in 2027 also dipped to Rs 93.08 from Rs 93.34, while its yield gained to 9.17 per cent from 9.13 per cent.

The 7.28 per cent government security maturing in 2019, the 8.28 per cent government security maturing in 2027 and the 8.35 per cent government security maturing in 2022 were also quoted lower at Rs 93.6850, Rs 93.1825 and Rs 96.23, respectively.
The overnight call money rate finished higher at 8.50 per cent from 7.10 per cent previously and it moved in a range of 8.50 per cent and 7.50 per cent while, the 3-days call money opened at 8.75 per cent and moved in a range 9.10 per cent and 8.30 per cent before closing at 8.35 per cent.
The Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 210.09 billion in 55-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 38.61 billion from 12-bids at the 2-days reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.