Bonds slip, call rate ends higher

The government securities (G-Sec) slipped on selling from banks and corporates while, the overnight call money market rates ended higher on good demand from borrowing banks.
The 8.83 per cent 10-year benchmark bond maturing in 2023 declined to Rs 99.1350 from Rs 100.15 previously, while its yield climbed to 8.96 per cent from 8.80 per cent.
The 8.12 per cent government security maturing in 2020 fell to Rs 94.64 from Rs 95.43, while its yield moved-up to 9.21 per cent from 9.04 per cent.
The 7.28 per cent government security maturing in 2019 also dipped to Rs 92.9750 from Rs 93.54, while its yield gained to 9.01 per cent from 8.86 per cent.

The 8.28 per cent government security maturing in 2027, the 8.24 per cent government security maturing in 2027 and the 7.16 per cent government security maturing in 2023 were also quoted lower at Rs 92.16, Rs 92.06 and Rs 87.03, respectively.
The overnight call money rate finished higher at 8.15 per cent from 7.50 per cent last Friday and it moved in a range of 9.20 per cent and 8.00 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 212.92 billion in 58-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning.