Bonds slips, call rate ends lower

The government securities (G-Sec) slipped on selling pressure from banks and corporates and the overnight call money market rates ended lower due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 moved-down to Rs 100.07 from Rs 100.28 previously, while its yield climbed to 8.82 per cent from 8.78 per cent.
The 8.12 per cent government security maturing in 2020 declined to Rs 95.30 from Rs 95.39, while yield moved-up to 9.07 per cent from 9.05 per cent.
The 7.28 per cent government security maturing in 2019 also fell to Rs 93.48 from Rs 93.53, while yield inched-up to 8.87 per cent from 8.86 per cent.

The 8.28 per cent government security maturing in 2027, the 7.16 per cent government security maturing in 2023 and the 8.24 per cent government security maturing in 2027 were also quoted lower at Rs 93.28, Rs 87.82 and Rs 93.1450, respectively.
The overnight call money rate finished lower at 7.05 per cent from 7.10 per cent yesterday and it moved in a range of 9.00 per cent and 7.05 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 347.51 billion in 47-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 216.96 billion from 36-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent yesterday evening.