Bonds remain bearish, call rates ends steady

The government securities (G-Sec) remained bearish on sustained selling pressure from banks and corporates, while the call money rates 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 100.07 from Rs 100.20 previously, while its yield moved-up to 8.82 per cent from 8.80 per cent
The 8.28 per cent government security maturing in 2027 declined to Rs 92.40 from Rs 92.83, while its yield gained at 9.27 per cent from 9.21 per cent.
The 7.16 per cent government security maturing in 2023 also dropped to Rs 87.75 from Rs 88.10, while its yield rose to 9.13 per cent from 9.06 per cent.
The 7.28 per cent government security maturing in 2019, the 8.12 per cent government security maturing in 2020 and the 9.20 per cent government security maturing in 2030 also went down to Rs 93.03, Rs 95.28 and Rs 99.55, respectively.
The overnight call money rate ended stable at 8.75 per cent. It moved in a range of 8.90 per cent and 8.70 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 410.34 billion in 61 bids at the One-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 0.22 billion from 2-bids at the One-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.