Gilts ends mixed, call rate remains high

The government bond (G-Sec) prices ended mixed on alternate bouts of buying and selling.
Meanwhile, the Overnight call money remained bullish at the overnight call money market here today due to persistent demand from borrowing banks.
The 8.83 per cent 10-year benchmark bond maturing in 2023 moved up to Rs 100.98 from Rs 100.96 previously, while its yield ruled stable at 8.67 per cent.
The 8.35 per cent government security maturing in 2022 climbed to Rs 97.89 from Rs 97.83, while its yield softened to 8.73 per cent from 8.74 per cent.
The 8.28 per cent government security maturing in 2027 also gained to Rs 96.10 from Rs 96.07, while its yield held steady at 8.79 per cent.

However, the 8.60 per cent government security maturing in 2028 eased to Rs 99.40 from Rs 99.42, while its yield held steady at 8.67 per cent.

The 8.40 per cent government security maturing in 2024 declined to Rs 99.22 from Rs 99.25, while its yield inched-up to 8.52 per cent from 8.51 per cent.
The 8.12 per cent government security maturing in 2020 also moved down to Rs 93.37 from Rs 97.38, while its yield gained to 8.67 per cent from 8.66 per cent.
The overnight call money rates ended higher at 7.40 per cent from 7.05 per cent and moved in a range to 8.10 per cent and 7.40 per cent. While, the 3-days call money rate ended lower at 7.95 per cent as against 8.40 previously. It moved in a range of 8.30 per cent and 7.00 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 48.20 billion in 13-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 55.43 billion from 27-bids at 1-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.