G-secs take a tumble, call rate regains some ground

Government bonds (G-Secs) slipped on selling pressure from banks and corporates while the overnight call money rate recovered owing to fresh demand from borrowing banks amid tight liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 declined to Rs 103.78 from Rs 104.13 previously while its yield rose to 7.82 per cent from 7.76 per cent.
The 8.60 per cent government security maturing in 2028 fell to Rs 106.30 from Rs 106.64 while its yield gained to 7.82 per cent from 7.78 per cent.
The 8.15 per cent government security maturing in 2026 also dipped to Rs 102.45 from Rs 102.87 while its yield moved up to 7.82 per cent from 7.77 per cent.

The 8.27 per cent government security maturing in 2020, the 8.28 per cent government security maturing in 2027 and the 8.12 per cent government security maturing in 2020 were also quoted lower at Rs 101.84, Rs 103.25 and Rs 101.26, respectively.
The overnight call money rates ended higher at 7.30 per cent from the previous level of 6.80 per cent. It moved in a wide range of 7.85 per cent and 6.50 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 18,838 crore in 49 bids at the 1-day repo auction at a fixed rate of 7.50 per cent as on today while it sold securities worth Rs 11,599 crore from 23 bids at the overnight reverse repo auction at a fixed rate of 6.50 per cent as on April 28.