Bonds slip, call rates also lower

Government bonds (G-Secs) slipped on selling pressure from banks and corporates, and the overnight call money rates also ended lower due to subdued demand from borrowing banks amid ample liquidity in the banking system.
The 7.72 per cent government security maturing in 2025 declined to Rs 99.50 from Rs 99.77 previously, while its yield edged up to 7.79 per cent from 7.75 per cent.
The 7.88 per cent government security maturing in 2030 dipped to Rs 99.43 from Rs 99.6450, while its yield moved up to 7.95 per cent from 7.92 per cent.
The 7.68 per cent government security maturing in 2023 fell to Rs 99.67 from Rs 99.74, while its yield rose to 7.74 per cent from 7.72 per cent.

The 8.27 per cent government security maturing in 2020, the 7.35 per cent government security maturing in 2024 and the 8.40 per cent government security maturing in 2024 were also quoted lower to Rs 101.87, Rs 97.49 and Rs 102.84 respectively.
The overnight call money rates finished lower at 6.40 per cent from Monday's close of 6.85 per cent. It resumed lower at 6.75 per cent and moved in a range of 7.00 per cent and 6.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 108.58 billion in a 26-bids at the overnight repo auction at a fixed rate of 6.75 per cent as on today, while it sold securities worth Rs 25.11 billion from 22-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on December 7.