Bonds remains bearish, call rates ends lower

The government securities (G-Sec) bonds prices remained bearish on sustained selling pressure from banks and corporates and the overnight call money rates ended lower due to lack of demand from borrowing banks on the back of ample liquidity in the banking system.
The 8.83 per cent government securities maturing in 2023 declined to Rs 100.7050 from Rs 100.78 previously, while its yield inched-up to 8.72 per cent from 8.71 per cent.
The 8.28 per cent government security maturing in 2027 slipped to Rs 93.35 from Rs 93.46, while yield edged-up to 9.14 per cent from 9.13 per cent.
The 8.24 per cent government security maturing in 2027 also moved-down to Rs 93.11 from Rs 93.23, while its yield moved-up to 9.16 per cent from 9.14 per cent.

The 8.12 per cent government security maturing in 2020, the 7.28 per cent government security maturing in 2019 and the 8.20 per cent government security maturing in 2025, were also quoted down at Rs 95.4875, Rs 93.46 and Rs 93.10, respectively.
The overnight call money rate ended lower at 7.50 per cent from yesterday's level of 8.50, it moved in a range of 8.50 per cent and 7.50 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 275.57 billion in 41-bids at the one-day repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 10.38 billion from 8-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on yesterday evening.