Bonds turn weak, call rates end lower

The government bonds prices declined on fresh bout of selling from banks and corporates and the overnight call money rates also finished lower following lack of demand from borrowing banks amid comfortable liquidity in the banking system.
The 8.83 per cent government security maturing in 2023 dropped to Rs 101.7975 from Rs 102.04 yesterday, while its yield moved up to 8.55 per cent from 8.52 per cent.
The 8.28 per cent government security maturing in 2027 fell to Rs 95.0950 from Rs 95.45, while yield rose to 8.91 per cent from 8.86 per cent.
The 8.12 per cent government security maturing in 2020 also slipped to Rs 97.1375 from Rs 97.28, while its yield gained to 8.68 per cent from 8.65 per cent.

The 7.28 per cent government security maturing in 2019, 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 94.61, Rs 89.35 and Rs 94.78, respectively.
The overnight call money rate ended lower at 8.20 per cent from 8.55 per cent previously. It moved in a range of 8.40 per cent and 7.70 per cent.
The Reserve Bank under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 412.87 billion in 64-bids at the one-day repo auction at a fixed rate of 7.75 per cent.