Business Standard

Bonds slip, call rates rule stable

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Press Trust of India Mumbai
Government bonds (G-Sec) prices slipped due to fresh selling pressure from banks.

While, Interbank call money rates remained steady as demand from borrowing banks match supplies.

The 7.59 per cent 10-year benchmark bond maturing in 2026 weakened to Rs 103.4025 from Rs 103.58, while its yield edged up to 7.08 per cent from 7.06 per cent.

The 7.59 per cent government security maturing in 2029 dipped to Rs 103.67 from Rs 103.92, while its yield moved up to 7.14 per cent from Rs 7.11 per cent.

The 7.61 per cent government security maturing in 2030 slumped to Rs 104.6850 from Rs 104.9475, while its yield gained to 7.07 per cent from 7.04 per cent.
 

The 7.88 per cent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 6.97 per cent government security maturing in 2026 were also quoted lower to Rs 106.14, Rs 103.50 and Rs 100.85 respectively.

The overnight call money rates ended stable at its previous level of 6.50 per cent after trading in a range of 6.55 per cent and 6.10 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 46.61 billion in 14-bids at the 2-days repo auction at a fixed rate of 6.50 per cent today morning, while it sold securities worth Rs 52.60 billion from 33-bids at the 3-days reverse repo auction at a fixed rate of 6.00 per cent as on September 9.

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First Published: Sep 12 2016 | 6:42 PM IST

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