Bonds trade bearish, call rate ends higher

The government bond (G-Sec) prices traded bearish due to selling pressure from banks and corporates while the overnight call money rate finished higher following firm demand from borrowing banks amid ample liquidity in the banking system.
The 7.72 per cent 10-year benchmark bond maturing in 2025 moved down to Rs 100.0175 from Rs 100.0975, while its yield inched up to 7.71 per cent.
The 7.88 per cent government security maturing in 2030 dropped to Rs 100.3875 from Rs 100.58, while its yield rose to 7.83 per cent from Rs 7.81 per cent.
The 7.68 per cent government security maturing in 2023 dipped to Rs 98.0850 from Rs 98.17750, while its yield edged up to 7.83 per cent from 7.81 per cent.

The 8.27 per cent government security maturing in 2020, the 8.40 per cent government security maturing in 2024 also eased to Rs 101.5500, Rs 103.2150 respectively.
The overnight call money rates finished higher to 7.20 per cent. It resumed higher at 7.30 per cent and moved in a wide range of 7.45 per cent and 7.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 126.49 billion in 23-bids at the overnight repo auction at a fixed rate of 7.25 per cent today morning, while it sold securities worth Rs 119.26 billion from 28-bids at the overnight reverse repo auction at a fixed rate of 6.25 per cent yesterday evening.