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Bonds ends mixed, call rate declines

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Press Trust of India Mumbai
The government securities (G-Sec) ended mixed on bouts of buying and selling while,the overnight call money market rates declined further due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

The 8.83 per cent 10-year benchmark bond maturing in 2023 dipped to Rs 100.5850 from Rs 100.7150 previously, while its yield moved-up to 8.74 per cent from 8.72 per cent.

The 7.28 per cent government security maturing in 2019 fell to Rs 93.42 per cent from Rs 93.50, while its yield moved-up to 8.88 per cent from 8.86 per cent.

The 8.28 per cent government security maturing in 2027 also dipped to Rs 93.05 from Rs 93.20, while yield eased to 9.19 per cent from 9.17 per cent.
 

However, the 8.12 per cent government security maturing in 2020 climbed to Rs 95.29 from Rs 95.2450, while yield edged-down to 9.06 per cent from 9.07 per cent.

The 6.07 per cent government security maturing in 2014 moved-up to Rs 99.46 from Rs 99.44, while its yield fell to 9.10 per cent from 9.17 per cent.

The 7.16 per cent government security maturing in 2023 also gained to Rs 87.80 from Rs 87.77, while yield held stable at 9.15 per cent.

The overnight call money rate finished lower at 7.00 per cent from 8.10 per cent yesterday and moved in a range of 8.35 per cent and 7.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 342.11 billion in 50-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 15.98 billion from 10-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent last Friday.

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First Published: Mar 13 2014 | 6:29 PM IST

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