Bonds slips, call rates remain higher

Government bonds (G-Secs) slipped on fresh selling by corporates and banks, while the overnight call money rate remained higher at the money market due to consistent demand from borrowing banks amid tight liquidity in the banking system.
The 7.88 per cent government security maturing in 2030 fell to Rs 101.1825 from Rs 101.2025 previously, while its yield held stable at 7.74 per cent.
The 7.59 per cent government security maturing in 2026 eased to Rs 101.09 from Rs 101.0925, while its yield held steady at 7.43 per cent.
The 7.59 per cent government security maturing in 2029 moved down to Rs 99.6950 from Rs 99.7025, while its yield edged-up to 7.63 per cent from 7.62 per cent.

The 7.72 per cent government security maturing in 2025 the 7.68 per cent government security maturing in 2023 and the 7.61 per cent government security maturing in 2030 were also quoted lower to Rs 100.70, Rs 100.60 and Rs 100.12, respectively.
The overnight call money rates ended higher at 6.80 from Tuesday's level of 6.50 per cent. It resumed higher at 6.60 and moved in a range of 6.80 and 6.45 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 172.14 billion in 35-bids, for 1-day at the overnight repo operation at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 26.65 billion from 25-bids for 1-day reverse repo operation at a fixed rate of 6.00 per cent as on May 10.