Bonds slips, call rate ends higher

The government bond (G-Sec) slipped due to lack of selling pressure from banks and corporates.
Meanwhile, the overnight call money rate finished higher due to fresh demand from borrowing banks.
The 8.83 per cent 10-year benchmark bond maturing in 2023 fell to Rs 99.95 from Rs 100.5975, while its yield climbed to 8.83 per cent from 8.73 per cent previously.
The 8.40 per cent government security maturing in 2024 dropped to Rs 98.6025 from Rs 99.3350, while its yield gained to 8.61 per cent from 8.50 per cent.
The 8.60 per cent government security maturing in 2028 moved down to Rs 98.5525 from Rs 99.57, while its yield rose to 8.78 per cent from 8.65 per cent.

The 8.27 per cent government security maturing in 2020, the 8.12 per cent government security maturing in 2020 and the 7.80 per cent government security maturing in 2020 were also quoted lower at Rs 98.07, Rs 96.90 and Rs 95.46, respectively.
The overnight call money rates ended higher at 7.25 per cent from yesterday's closing level of 7.00 per cent. It moved in range of 8.25 per cent and 7.10 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 14.97 billion in 5-bids at the one-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 235.26 billion from 43-bids at the one-day reverse repo auction at a fixed rate of 7.00 per cent yesterday evening.