Bonds turn bearish, call rates ends stable

The government securities (G-Sec) turned bearish on selling pressure from banks and corporates, while, the call money rates also ended stable at the overnight call money market here today as demand from borrowing banks matched the supply.
The 8.83 per cent government security maturing in 2023 fell to Rs 100.2450 from Rs 100.29 previously, while its yield inched-up to 8.79 per cent from 8.78 per cent.
The 8.28 per cent government security maturing in 2027 declined to Rs 93.14 from Rs 93.20, while its yield fell moved up to 9.17 per cent from 9.16 per cent.
The 7.28 per cent government security maturing in 2019 also eased to Rs 93.22 from Rs 93.25, while its yield held steady at 8.88 per cent.

The 8.24 per cent government security maturing in 2027, the 8.12 per cent government security maturing in 2020 and the 7.16 per cent government security maturing in 2023 also quoted down to Rs 92.85, Rs 95.50 and Rs 87.98, respectively.
The overnight call money rate ended steady at 8.75 per cent. It moved in a range of 8.80 per cent and 7.90 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 380.83 billion in 56-bids at the One-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 0.03 billion from 1-bid at the One-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.