The government bond (G-Sec) prices continued to drift due to heavy selling pressure from banks and corporates amidst profit-taking by market participants.
The call money also ended lower at the overnight call money market here today due to lack of demand from borrowing banks amid tight liquidity conditions in the banking system.
The 8.40 per cent 10-year benchmark bond maturing in 2024 fell to Rs 104.34 from Rs 104.4150, while its yield inched up to 7.74 per cent from 7.73 per cent.
The 8.60 per cent government security maturing in 2028 slipped to Rs 106.89 from Rs 107.0350, while its yield rose to 7.76 per cent as against 7.74 per cent.
The 8.15 per cent government security maturing in 2026 also moved down to Rs 103.5975 from Rs 103.73, while its yield gained to 7.68 per cent from 7.76 per cent.
The 8.27 per cent government security maturing in 2020, the 8.83 per cent government security maturing in 2023 and the 8.28 per cent government security maturing in 2027 were also quoted lower at Rs 102.08, Rs 106.3675 and Rs 103.85 respectively.
The overnight call money rates ended lower at 7.00 per cent from overnight close of 8.75 per cent, it moved in a wide range of 8.05 per cent and 6.75 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 187.59 billion in 52-bids at the 1-day repo auction at a fixed rate of 7.75 per cent today, while its sold securities worth Rs 13.49 billion from 12-bids at 1-day reverse repo auction at a fixed rate of 6.75 per cent, yesterday evening.
