Bonds slip, call rates ends lower

Government bonds (G-Secs) slipped on selling pressure from banks and corporates.
The overnight call money rate ended lower at the money market due to subdued demand from borrowing banks amidst ample liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 fell to Rs 102.88 from Rs 103.30 previously, while its yield rose to 7.95 per cent from 7.89 per cent.
The 8.60 per cent government security maturing in 2028 dropped to Rs 104.86 from Rs 104.35, while its yield moved up to 7.99 per cent from 7.93 per cent.
The 8.15 per cent government security maturing in 2026 also dipped to Rs 101.22 from Rs 101.5875, while its yield climbed to 7.99 per cent from 7.94 per cent.

The 8.27 per cent government security maturing in 2020 and 8.83 per cent government security maturing in 2023 and 7.88 per cent government security maturing in 2030 were also quoted lower to Rs 101.1950, Rs 104.7875 and Rs 99.80, respectively.
The overnight call money rates ended lower at 6.60 per cent from previous closing level of 8.20 per cent. It moved in a wide range of 7.75 per cent and 6.20 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 201.16 billion in a 49-bids at the 1-day repo auction at a fixed rate of 7.50 per cent as on today, while it sold securities worth Rs 17.41 billion from 18-bids at the overnight reverse repo auction at a fixed rate of 6.50 per cent as on May 11.