Bonds extend fall, call rate remains lower

The government bond (G-Sec) prices extended its fall on persistent selling pressure from banks and corporates.
The overnight call money rate continued to remain lower due to lack demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 eased to Rs 100.38 from Rs 100.39 previously, while its yield held stable at 8.77 per cent.
The 8.60 per cent government security maturing in 2028 fell to Rs 99.6775 from Rs 99.74, while its yield edged-up to 8.64 per cent from 8.63 per cent.
The 8.12 per cent government security maturing in 2020 moved down to Rs 96.84 from Rs 96.92, while its yield inched-up to 8.77 per cent from 8.76 per cent

The 8.28 per cent government security maturing in 2027, the 8.35 per cent government security maturing in 2022 and 8.27 per cent government security maturing in 2020 were also quoted lower at Rs 95.85, Rs 97.46 and Rs 98.16, respectively.
The overnight call money rate ended lower at 7.50 per cent from yesterday's close of 8.20 per cent, it moved in a range of 8.10 per cent to 7.50 per cent. While, the 3-days call money rate ended higher to 9.00 per cent as against 8.00 per cent last Friday. It moved in a range of 9.00 per cent and 7.00 per cent earlier.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 61.93 billion in 28-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 30.38 billion from 15-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.