The government bonds (G-Secs) slipped on selling pressure from banks and corporates and the overnight call money rate remained lower due to subdued demand from borrowing banks amid ample liquidity in the banking system.
The 8.40 per cent 10-year benchmark bond maturing in 2024 fell to Rs 101.5425 from Rs 101.61 previously, while its yield edged-up to 8.16 per cent from 8.15 per cent.
The 8.60 per cent government security maturing in 2028 moved down to Rs 102.91 from Rs 102.94, while its yield held stable at 8.24 per cent.
The 8.27 per cent government security maturing in 2020 also inched-down to Rs 100.11 from Rs 100.15, while its yield edged-up 8.24 per cent from 8.23 per cent.
The 8.83 per cent government security maturing in 2023, 8.28 per cent government security maturing in 2027 and the 8.12 per cent government security maturing in 2020 were also quoted lower at Rs 103.54, Rs 99.9850 and Rs 99.25, respectively.
The overnight call money rates opened higher at 8.10 per cent as against Tuesday's closing level of 7.85 per cent. It moved in range of 8.25 per cent and 7.10 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 109.14 billion in 25-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 35.73 billion from 14-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on November 18.
