Government bonds (G-Sec) slipped on selling pressure from banks and corporates amid profit-taking by market participants.
The call money continued to remain lower at the money market here today due to lack of demand from borrowing banks following tight liquidity conditions in the banking system.
The 8.40 per cent 10-year benchmark bond maturing in 2024 fell to Rs 102.90 from Rs 103.12 previously, while its yield rose to 7.96 per cent from 7.93 per cent.
The 8.60 per cent government security maturing in 2028
dropped to Rs 104.90 from Rs 105.1475, while its yield gained to 8.00 per cent from 7.97 per cent.
The 8.27 per cent government security maturing in 2020
also declined to Rs 100.6750 from Rs 100.8775, while its yield moved up to 8.11 per cent from 8.07 per cent.
The 8.12 per cent government security maturing in 2020, the 8.17 per cent government security maturing in 2044 and the 8.83 per cent government security maturing in 2023 were also quoted lower at Rs 99.99, Rs 102.25 and Rs 101.30, respectively.
The overnight call money rates ended lower at 7.00 per
cent from yesterday's close of 8.00 per cent. However, 3-day call money rates resumed higher at 8.50 percent and moved in a range of 8.60 and 7.00 per cent before finishing stable at its last Friday's level of 8.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 212.97 billion in 57-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while its sold securities worth Rs 51.77 billion from 17-bids at 1-day reverse repo auction at a fixed rate of 7.00 per cent, as on Dec 17.
