Bonds show mixed trend, call rates recover
By PTI |
MUMBAI: Government bond prices showed a mixed trend due to alternate bouts of buying and selling while call rates ended slightly higher at 3.34 per cent on the overnight call money market here today owing to fresh demand from borrowing banks.
The 7.02 per cent government security maturing in 2016 dropped to Rs 96.70 from Rs 96.95 yesterday, while its yield moved up to 7.68 per cent from 7.63 per cent.
The 6.35 per cent government security maturing in 2020 declined to Rs 88.88 from Rs 88.96, while its yield looked up to Rs 8.01 per cent from 7.99 per cent.
The 7.40 per cent government security maturing in 2012 and the 6.90 per cent government security maturing in 2019 also quoted lower at Rs 102.37 and Rs 92.75, respectively.
However, the 7.27 per cent government security maturing in 2013 and the 7.59 per cent government security maturing in 2016 finished higher at Rs 101.27 and Rs 99.81, respectively.
The call money rate ended marginally higher at 3.34 per cent from yesterday's closing level of 3.30 per cent.
The 3-days call money rate finished at 3.35 per cent after moving in a range of 3.35 per cent and 3.00 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility (LAF) mopped up Rs 21,865 crore from 17 bids at the one day reverse repo auction at the rate of 3.25 per cent.
The 7.02 per cent government security maturing in 2016 dropped to Rs 96.70 from Rs 96.95 yesterday, while its yield moved up to 7.68 per cent from 7.63 per cent.
The 6.35 per cent government security maturing in 2020 declined to Rs 88.88 from Rs 88.96, while its yield looked up to Rs 8.01 per cent from 7.99 per cent.
The 7.40 per cent government security maturing in 2012 and the 6.90 per cent government security maturing in 2019 also quoted lower at Rs 102.37 and Rs 92.75, respectively.
However, the 7.27 per cent government security maturing in 2013 and the 7.59 per cent government security maturing in 2016 finished higher at Rs 101.27 and Rs 99.81, respectively.
The call money rate ended marginally higher at 3.34 per cent from yesterday's closing level of 3.30 per cent.
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The 3-days call money rate finished at 3.35 per cent after moving in a range of 3.35 per cent and 3.00 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility (LAF) mopped up Rs 21,865 crore from 17 bids at the one day reverse repo auction at the rate of 3.25 per cent.
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