Bonds slips, call rates end higher

The government bond (G-Sec) prices slipped on fresh selling from banks and corporates.
The overnight call money rate ended higher due to good of demand from borrowing banks.
The 8.83 per cent 10-year benchmark bond maturing in 2023 fell to Rs 100.83 from Rs 101.04, while its yield moved up to 8.70 per cent from 8.66 per cent previously.
The 8.60 per cent government security maturing in 2028 eased to Rs 100.28 from Rs 100.34, while yield its held stable at 8.56 per cent.
The 8.35 per cent government security maturing in 2022 declined to Rs 97.8375 from Rs 97.95, while yield gained to 8.73 per cent from 8.71 per cent.

The 7.28 per cent government security maturing in 2019, 8.12 per cent government security maturing in 2020 and 7.80 per cent government security maturing in 2020 were also quoted lower at Rs 94.9275, Rs 97.31 and Rs 95.8675, respectively.
The overnight call money rates ended higher at 8.75 per cent from last Friday's level of 7.50 per cent. It moved in range of 9.00 per cent and 7.60 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 162.29 billion in 38-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 61.84 billion from 15-bids at the 3-days reverse repo auction at a fixed rate of 7.00 per cent last Friday.