Government bonds (G-Secs) remained under intense selling pressure from banks and corporates amidst profit-taking by market participants.
While, the overnight call money rate ruled firm due to consistent demand from borrowing banks following tight liquidity in the banking system.
The 8.60 per cent 10-year benchmark bond maturing in 2028 fell to Rs 107.0350 from Rs 107.0500 previously, while its yield held stable to 7.74 per cent.
The 8.40 per cent government security maturing in 2024 moved down to Rs 104.4150 from Rs 104.4450, while its yield ruled steady to 7.73 per cent.
The 8.27 per cent government security maturing in 2020, also dipped to Rs 102.1800 from Rs 102.2400, while its yield gained to 7.76 per cent from 7.74 per cent.
The 8.15 per cent government security maturing in 2026, the 8.83 per cent government security maturing in 2023 and the 8.28 per cent government security maturing in 2027 were also quoted lower at Rs 103.7300, Rs 106.4700 and Rs 104.00 respectively.
The overnight call money rates ended higher at 8.75 per cent from yesterday's closing level of 7.80 per cent. It moved in wide range of 8.75 per cent and 7.35 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 86.65 billion in 31-bids at the 1-day repo auction at a fixed rate of 7.75 per cent today morning, while it sold securities worth Rs 21.52 billion from 18-bids at the 1-day reverse repo auction at a fixed rate of 6.75 per cent as on February 10.
