Bonds slip, call rates remain higher

Government bonds (G-Secs) slipped on selling pressure from banks and corporates while, the overnight call money rate remained higher at the money market due to sustained demand from borrowing banks amid tight liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 slid to Rs 104.17 from Rs 104.20 previously, while its yield inched up to 7.76 per cent from 7.75 per cent.
The 8.60 per cent government security maturing in 2028 fell to Rs 106.6800 from Rs 106.7150, while its yield inched up to 7.78 per cent from 7.77 per cent.
The 8.15 per cent government security maturing in 2026 eased to Rs 102.86 from Rs 102.9150, while its yield edged-up to 7.77 per cent from 7.76 per cennt.

The 8.27 per cent government security maturing in 2020, the 8.83 per cent government security maturing in 2023 and the 8.12 per cent government security maturing in 2020 were also quoted higher at Rs 102.18, Rs 106.2025 and Rs 101.54 respectively.
The overnight call money rates ended higher at 8.50 per cent from Wednesday's closing level of 6.80 per cent. It resumed higher at 7.65 per cent and moved in a range of 8.75 per cent and 7.05 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 141.47 billion in 38-bids at the overnight repo auction at a fixed rate of 7.50 per cent as on today, while it sold securities worth Rs 58.56 billion from 17-bids at the overnight reverse repo auction at a fixed rate of 6.50 per cent as on April 22.