Bonds slips; call rate ends higher

The government bond (G-Sec) slipped on selling pressure from banks and corporates, while the overnight call money rates ended higher at the money market due to good demand from borrowing banks amid tight liquidity in the banking system.
The 8.60 per cent government security maturing in 2028 fell to Rs 102.79 from Rs 102.84 previously, while its yield held stable at 8.25 per cent.
The 8.40 per cent government security maturing in 2024 eased to Rs 101.3950 from Rs 101.45, while its yield edged-up to 8.19 per cent from 8.18 per cent.
The 8.27 per cent government security maturing in 2020 also declined to Rs 100.0775 from Rs 100.15, while its yield moved-up to 8.25 per cent from 8.23 per cent.

The 8.83 per cent government security maturing in 2023, the 8.28 per cent government security maturing in 2027, the 7.28 per cent government security maturing in 2019 and 8.12 per cent government security maturing in 2020 were also quoted lower at Rs 103.40, Rs 99.95, Rs 96.5750 and Rs 99.2350, respectively.
The overnight call money rates resumed higher at 8.00 per cent from previous close of 7.80 per cent and moved in a range of 8.95 per cent and 7.85 before closing at 8.90 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 47.72 billion in 12-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 62.08 billion from 22-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on November 10.