Bonds declines, call rates ends higher

The government securities (G-Sec) bonds prices declined on selling pressure from banks and corporates while, the overnight call money rates ended higher on sustained demand from borrowing banks.
The 8.83 per cent government securities maturing in 2023 slipped to Rs 100.78 from Rs 100.96 previously, while its yield moved-up to 8.71 per cent from 8.68 per cent.
The 8.24 per cent government security maturing in 2027 dropped to Rs 93.23 from Rs 93.50, while, its yield gained to 9.14 per cent from 9.10 per cent.
The 8.28 per cent government security maturing in 2027 also fell to Rs 93.46 from Rs 93.80, while yield climbed to 9.13 per cent from 9.08 per cent.

The 8.12 per cent government security maturing in 2020, the 7.28 per cent government security maturing in 2019 and the 7.16 per cent government security maturing in 2023, were also quoted down at Rs 95.54, Rs 93.52 and Rs 88.00, respectively.
The overnight call money rate ended higher at 8.50 per cent from yesterday's level of 7.20, it moved in a range of 8.50 per cent and 7.90 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 209.47 billion in 27-bids at the one-day repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 40.69 billion from 20-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on yesterday evening.