Bonds turn bearish, call rates ends lower

The government securities (G-Sec) turned bearish on selling pressure from banks and corporates, and the call money rates also ended lower at the overnight call money market here today due to lack demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 fell to Rs 99.15 from Rs 99.60 previously, while its yield gained to 8.96 per cent from 8.89 per cent.
The 8.28 per cent government security maturing in 2027 dropped to Rs 92.0450 from Rs 92.13, while its yield moved-up at 9.32 per cent from 9.30 per cent.
The 7.28 per cent government security maturing in 2019 also dropped to Rs 92.5350 from Rs 92.86, while its yield rose to 9.05 per cent from 8.97 per cent.

The 8.12 per cent government security maturing in 2020, the 7.16 per cent government security maturing in 2023 and the 9.20 per cent government security maturing in 2030 also went down to Rs 94.78, Rs 87.15 and Rs 99.15, respectively.
The overnight call money rate ended lower at 8.20 per cent from 8.65 per cent yesterday.It moved in a range of 8.70 per cent and 8.10 per cent and the 3-days call money rate also finished lower at 8.76 per cent from 8.78 percent last Friday. It moved in a range of 8.85 per cent and 8.60 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 300.27 billion in 49-bids at the three-days repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 1.45 billion from 5-bids at the three-days reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.