Bonds slip, call rates end lower

Government bonds (G-Secs) slipped on selling pressure from banks and corporates and the overnight call money rates ended lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking system.

The 7.17 per cent 10-year benchmark bond maturing in 2028 declined to Rs 94.87 from Rs 94.96, while its yield inched up to 7.94 per cent from 7.93 per cent.

The 6.68 per cent government security maturing in 2031 went-down to Rs 88.46 from Rs 88.5675, while its yield edged up to 8.12 per cent from 8.10 per cent.


The 6.84 per cent government security maturing in 2022 slid to Rs 95.80 from Rs 95.89, while its yield gained to 7.97 per cent from 7.94 per cent.

The 8.27 per cent government security maturing in 2020 decreased to Rs 101.25 from Rs 101.26, while its yield inched up to 7.58 per cent from 7.57 per cent.

However, the 7.80 per cent government security maturing in 2021 rose to Rs 100.07 from RS 100.05, while its yield held stable to 7.77 per cent.

The overnight call money rates finished lower to 6.00 per cent from Wednesday's closing level of 6.05 per cent, it resumed higher at 6.25 per cent and moved in a range of 6.25 per cent and 6.00 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 41.76 billion in 7-bids at the overnight repo operation at a fixed rate of 6.25 per cent as on today, while it sold securities worth Rs 87.79 billion in 43-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on June 13.