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Bonds end mixed; call rate turns lower

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Press Trust of India Mumbai
The government bond prices ended mixed on alternate bouts of buying and selling, while the overnight call money rates ended lower at the money market due to lack of demand from borrowing banks.

The 8.40 per cent government security maturing in 2024 edged up to Rs 99.18 from Rs 99.1750 previously, while its yield held stable at 8.52 per cent.

The 8.12 per cent government security maturing in 2020 rose to Rs 97.31 from Rs 97.2850, while yield edged-down to 8.68 per cent as against 8.69 per cent.

The 7.28 per cent government security maturing in 2019 also gained to Rs 94.9750 from Rs 94.94, while its yield moved down to 8.59 per cent from 8.60 per cent.
 

However, the 8.60 per cent government security maturing in 2028 eased to Rs 99.26 from Rs 99.30, while its yield ruled steady at 8.69 per cent.

The 9.20 per cent government security maturing in 2030 fell to Rs 103.65 from Rs 103.70, while its yield ruled stable at 8.77 per cent.

The 8.28 per cent government security maturing in 2027 moved down to Rs 95.98 from Rs 96.00, while its yield held steady at 8.80 per cent.

The overnight call money rates ended lower at 7.00 per cent as against yesterday's 7.60 per cent. It moved in a range of 8.00 per cent and 7.00 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 5.34 billion in 2-bids at the one day repo auction at a fixed rate of 8.00 per cent, while it sold securities worth Rs 56.91 billion from 30-bids at the one-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.

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First Published: Sep 04 2014 | 6:40 PM IST

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