Government bonds (G-Secs) dropped further on heavy selling pressure from banks and corporates and the overnight call money rates also remained lower owing to subdued demand from borrowing banks amid ample liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 declined to Rs 100.6850 from Rs 100.7850 previously, while its yield edged up to 7.49 per cent from 7.47 per cent.
The 7.88 per cent government security maturing in 2030 dipped to Rs 100.87 from Rs 100.9975, while its yield inched up to 7.77 per cent from 7.76 per cent.
The 7.59 per cent government security maturing in 2029 fell to Rs 99.0500 from Rs 99.1925, while its yield moved up to 7.71 per cent from 7.69 per cent.
The 8.27 per cent government security maturing in 2020, the 7.68 per cent government security maturing in 2023 and the 7.72 per cent government security maturing in 2025 were also quoted lower to Rs 103.0925, Rs 100.41 and Rs 100.3250 respectively.
The overnight call money rates ended lower at 6.03 per cent from Tuesday's closing level 6.25 per cent. It resumed higher at 6.50 per cent and moved in a range of 6.60 per cent and 6.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 27.03 billion in a 5-bids at the overnight repo auction at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 77.90 billion from 26-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on May 31.
