Bonds slip, call rates maintain higher

Government bonds (G-Secs) slipped on selling pressure from banks and corporates but the overnight call money rates maintained higher following rising demand from borrowing banks amid tight liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 fell to Rs 104.9350 from Rs 104.9850 previously, while its yield inched up to 6.86 per cent from 6.85 per cent.
The 7.61 per cent government security maturing in 2030 declined to Rs 105.50 from Rs 105.5650, while its yield edged up to 6.98 per cent from 6.97 per cent.
The 7.59 per cent government security maturing in 2029 slid to Rs 104.9475 from Rs 104.98, while its yield inched up to 6.99 per cent from 6.98 per cent.

The 7.88 per cent government security maturing in 2030 and the 8.27 per cent government security maturing in 2020 were also quoted lower at Rs 107.34 and Rs 105.28 respectively.
The overnight call money rates finished higher at 6.40 per cent from last Friday's level 6.35 per cent. It resumed lower and moved in a range of 6.50 per cent and 6.25 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 179.57 billion in a 36 bids at the overnight repo auction at a fixed rate of 6.25 per cent as on today, while its sold securities worth Rs 45.59 billion from 27 bids at the three days reverse repo auction at a fixed rate of 5.75 per cent as on October 21.