Gilts end mixed; call rates moves up

The government bonds (G-Secs) prices finished narrowly mixed on alternate bouts of buying and selling.
While, the overnight call money rate moved up further at the money market owing to good uptick from borrowing banks amid tight liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 declined to Rs 103.57 as compared to Rs 103.5957 yesterday, while its yield held steady at 7.86 per cent.
The 8.15 per cent government security maturing in 2026 also declined to Rs 102.08 from Rs 102.1150 previously, while its yield remained stable at 7.87 per cent.
However, the 8.60 per cent government security maturing in 2028, the 8.27 per cent government security maturing in 2020, the 8.83 per cent government security maturing in 2026 and the 8.28 per cent government security maturing in 2027 all quoted substantially higher at Rs 105.56, Rs 101.0850, Rs 105.05 and Rs 101.97, respectively.

The call rate ended modestly higher at 8.05 per cent from Wednesday's closing level of 8.00 per cent. It opened higher at 8.20 and moved in a range of 8.35 per cent and 7.50 per cent earlier.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 128.55 billion in 44-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today, while it sold securities worth Rs 21.23 billion from 18-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent late yesterday.