Bonds slip, call rates remain lower

Government bonds (G-Secs) slipped on selling pressure from banks and corporates and the call money rates remained lower due to lack of demand from borrowing banks amid adequate liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 fell to Rs 101.04 compared to Rs 101.17 previously, while its yield rose to 7.44 per cent from 7.42 per cent.
The 7.88 percent government security maturing in 2030 declined to Rs 101.1050 from Rs 101.49, while its yield moved up to 7.75 per cent from 7.70 per cent.
The 7.59 percent government security maturing in 2029 also dropped to Rs 99.6450 from Rs 99.94, while its yield gained to 7.63 per cent from 7.60 per cent.

The 7.68 per cent government security maturing in 2023, the 7.35 per cent government security maturing in 2024 and the 7.72 per cent (government security) maturing in 2025 were also quoted lower at Rs 100.71, Rs 98.63 and Rs 100.46, respectively
The overnight call money rates finished lower at 5.90 percent from previous level of 6.35 per cent. It opened higher at 6.50 and moved in a wide range of 6.50 and 5.90 per cent.

While, 5-days call money rates ended at 6.10 per cent before moving in a range of 6.60 and 5.75 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF),purchased securities worth Rs 117.13 billion in 45-bids at the One-day overnight reverse repo operation at a fixed rate of 6.00 per cent on April 12.

While it sold securities worth Rs 75.33 billion from 19-bids at the 5-days overnight repo auction fixed rate of 6.50 per cent as on today.