Bonds weaken, call rates end lower

Government bonds (G-Secs) weakened further on heavy selling pressure from banks and corporates and the Interbank call rates also ended lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system.

The 7.59 per cent government security maturing in 2026 dropped to Rs 104.37 from Rs 104.53 previously, while its yield moved up to 6.94 per cent from 6.91 per cent.

The 7.61 per cent government security maturing in 2030 fell to Rs 104.8925 from Rs 105.0650, while its yield edged down to 7.04 per cent from 7.02 per cent.

The 7.59 per cent government security maturing in 2029 declined to Rs 104.36 from Rs 104.47, while its yield inched up to 7.05 per cent from 7.04 per cent.
 

The 6.97 per cent government security maturing in 2026, the 7.88 per cent government security maturing in 2030 and the 7.68 per cent government security maturing in 2023 were also quoted lower at Rs 100.9150, Rs 106.8650 and Rs 104.37 respectively.

The overnight call money rates finished lower at 6.00 per cent from Thursday's level 6.24 per cent. It resumed lower at 6.20 per cent and moved in a range of 6.20 per cent and 6.00 per cent.

The 3-days call money rates ended 6.23 per cent and moved in a range of 6.30 per cent and 6.15 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 43.20 billion in a 9-bids at the 3-days repo auction at a fixed rate of 6.25 per cent as on today, while it sold securities worth Rs 45.30 billion from 27-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on November 3.