Gilts slips, call rates remains weak

The government bond (G-Sec) prices slipped due to sustained selling by banks and corporates and the call rates remained weak at the inter-bank call money market due to lack of demand from borrowing banks amid ample liquidity conditions in the banking system.
The 10-year benchmark bond 8.40 per cent maturing in 2024 fell to Rs 102.05 from Rs 102.1175, while its yield edged-up to 8.08 per cent against 8.07 per cent.
The 8.60 per cent government security maturing in 2028 declined to Rs 103.30 compared with Rs 103.37, while its yield inched-up to 8.18 per cent from 8.17 per cent.

The 8.27 per cent government security maturing in 2020 moved down to Rs 100.65 from Rs 100.72, while its yield moved up to 8.11 per cent from 8.09 per cent.
The 7.72 per cent government security maturing in 2025, the 7.68 per cent government security maturing in 2023 and the 8.15 per cent government security maturing in 2026 were also quoted lower at Rs 98.8850, Rs 97.35 and Rs 99.81, respectively.
The overnight call money rates ended lower at 6.30 per cent as against yesterday's level of 7.05 per cent after trading in a wide range of 7.55 per cent and 6.00 per cent.

Meanwhile, the Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 58.05 billion in 10-bids at 1-day repo auction at a fixed rate of 7.25 per cent today morning, while it sold securities worth Rs 39.56 billion from 25-bids at overnight reverse repo auction at a fixed rate of 6.25 per cent as on June 15.