Government bonds, call rate end remain mixed

The government bonds continued to rule narrowly mixed for the second straight day on alternate bouts of buying and selling.
Overnight call money rate concluded bettern due to modest demand from borrowing banks.
On the other hand, three-days call money rate declined owing to adequate supply in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 fell back to Rs 100.20 from Rs 100.2475, while its yield inched up to 8.80 per cent from 8.79 per cent yesterday.
The 7.16 per cent government security maturing in 2023 reacted downwards to Rs 87.40 from Rs 87.45 previously, while yield edged up to 9.21 per cent from 9.20 per cent.

The 8.32 per cent government security maturing in 2023 also declined to Rs 91.92 from Rs 92.00, while yield moved up to 9.24 per cent from 9.23 per cent.

However, the 8.28 per cent government security maturing in 2027, the 7.28 per cent government security maturing in 2019 and the 8.12 per cent government security maturing in 2020 ended higher at Rs 9.54, Rs 93.22 and Rs 94.87 compared to Rs 92.53, Rs 93.19 and Rs 94.8175, respectively.
The overnight call money rate finished better at 7.00 per cent from 6.90 per cent yesterday after moving in a narrow range of 8.00 per cent and 7.90 per cent earlier. While, the 3-days call money ended lower at 8.25 per cent compared to 8.80 last Friday. It moved in a range of 8.25 per cent 7.85 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 80.35 billion in 19-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 117.13 billion from 33-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent last evening.