Mixed trend in bond prices, call rate ends lower

The government bonds showed a mixed trend owing to alternate bouts of buying and selling.
Meanwhile, call rates ended lower on the overnight call money market due to lack of demand from borrowing banks on the back of comfortable liquidity in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 regained to Rs 99.69 from Rs 99.6225, while its yield moved down to 8.87 per cent from 8.89 per cent yesterday.
The 7.28 per cent government security maturing in 2019 rose to Rs 92.89 from Rs 92.83 previously, while yield eased to 9.00 per cent from 9.01 per cent.

The 8.12 per cent government security maturing in 2020 advanced to Rs 94.46 from Rs 94.45, while yield held steady at 9.23 per cent.
The 6.07 per cent government security maturing in 2014 also firmed up to Rs 99.4350 from Rs 99.39, while yield fell sharply to 8.78 per cent from 8.95 per cent.

However, the 7.16 per cent government security maturing in 2023, the 9.20 per cent government security maturing in 2030 and the 8.24 per cent government security maturing in 2027 declined to Rs 87.05, Rs 99.4050 and Rs 91.95 as against Rs 87.10, Rs 99.45 and Rs 91.99, respectively.

The overnight call money rate edged down to 7.30 per cent from 7.70 per cent previously after moving in a small range earlier.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 233.91 billion in 32-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 38.54 billion from 16-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent last evening.