Bonds end mixed, call rate remains higher

The government bond (G-Sec) prices ended mixed on alternate bouts of buying and selling, while the overnight call rates remained higher on persistent demand from borrowing banks amid tight liquidity conditions in the banking system.
The 8.60 per cent government security maturing in 2028 rose to Rs 99.6150 from Rs 99.5750 previously, while its yield ruled steady at 8.65 per cent.
The 8.40 per cent government security maturing in 2024 gained to Rs 99.3175 from Rs 99.2850, while its yield edged down to 8.50 per cent from 8.51 per cent.
The 8.35 per cent government security maturing in 2022 also moved up to Rs 98.06 from Rs 98.03, while its yield ruled stable at 8.70 per cent.

However, the 8.83 per cent government security maturing in 2023 fell to Rs 100.87 from Rs 100.90, while yield edged up to 8.69 per cent against 8.68 per cent.
The 8.27 per cent government security maturing in 2020 softened to Rs 98.56 from Rs 98.57, while its yield ruled stable at 8.69 per cent.

The 7.28 per cent government security maturing in 2019 eased to Rs 95.08 from Rs 95.09, while its yield ruled steady at 8.56 per cent.
The overnight call money rates ended higher at 7.95 per cent from 7.70 per cent yesterday after moving between 7.95 per cent and 7.25 per cent earlier. The three-days call money rate also closed higher at 7.95 per cent as compared to Rs 7.05 last Friday. It hovered in a range of 8.15 and 7.00 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF),purchased securities worth Rs 15.02 billion in 5-bids at the Three-days repo auction at a fixed rate of 8.00 per cent, while it sold securities worth Rs 35.62 billion from 21-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.