Bonds weaken, call rates end higher

Government bonds (G-Secs) weakened further on sustained selling pressure from banks and corporates, but the overnight call money rates ended higher following good demand from borrowing banks amid tight liquidity in the banking system.
The 6.97 per cent government security maturing in 2026 declined to Rs 104.65 from Rs 105.3475 previously, while its yield rose to 6.32 per cent from 6.23 per cent.
The 7.59 per cent government security maturing in 2026 slipped to Rs 107.9625 from Rs 108.70, while its yield moved up to 6.42 per cent from 6.32 per cent.
The 7.61 per cent government security maturing in 2030 slid to Rs 109.83 from Rs 110.6650, while its yield went-up to 6.50 per cent from 6.41 per cent.

The 7.59 per cent government security maturing in 2029, the 7.68 per cent government security maturing in 2023 and the 7.88 per cent government security maturing in 2030 were also quoted lower at Rs 108.90, Rs 107.52 and Rs 111.60 respectively.
The overnight call money rates finished higher at 6.60 per cent from Last Friday's level 5.90 per cent. It resumed higher at 6.75 per cent and moved in a range 6.80 per cent and 6.20 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 170.24 billion in a 49-bids at the overnight repo auction at a fixed rate of 6.25 per cent as on today, while its sold securities worth Rs 184.23 billion from 60-bids at the 3-days reverse repo auction at a fixed rate of 5.75 per cent as on November 25.