Bonds slip; call rates end higher

Government bonds (G-Secs) slipped on selling pressure from banks and corporates, while the overnight call money rate ended higher at the money market on good demand from borrowing banks amid tight liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 fell to Rs 103.36 from Rs 103.49 previously, while its yield moved up to 7.89 per cent from 7.87 per cent.
The 8.60 per cent government security maturing in 2028 declined to Rs 105.27 from Rs 105.38, while its yield edged-up to 7.95 per cent from 7.94 per cent.
The 8.27 per cent government security maturing in 2020 also dropped to Rs 100.9675 from Rs 101.0275, while its yield inched-up to 8.04 per cent from 8.03 per cent.

The 8.15 per cent government security maturing in 2026, the 8.83 per cent government security maturing in 2026 and the 8.32 per cent government security maturing in 2032 were also quoted lower at Rs 102.94, Rs 104.83 and Rs 102.70, respectively.
The overnight call money rates ended higher at 9.00 per cent from its last Friday's closing level of 7.20 per cent. It resumed higher at 8.05 and moved in a range of 9.10 per cent and 8.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 39.43 billion in 15-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today, while it sold securities worth Rs 73.52 billion from 28-bids at the 3-days reverse repo auction at a fixed rate of 7.00 per cent as on Jan 02.