Government bonds slip, call money rates finish higher
Mumbai: Government bonds (G-Secs) slipped on selling pressure from banks and corporates, while the overnight call money rates finished higher due to good demand from borrowing banks amidst tight liquidity in the banking sytem.
The 7.17 percent 10-year benchmark bond maturing in 2028 slid to Rs 97.8250 from Rs 98.20 previously, while its yield edged up to 7.49 percent from 7.43 percent.
The 6.68 per cent government security maturing in 2031 declined to Rs 91.3825 from Rs 91.85, while its yield rose to 7.72 per cent from 7.66 per cent. The 6.79 per cent government security maturing in 2027 went-down to Rs 94.40 from Rs 94.72, while its yield moved up to 7.66 per cent from 7.60 per cent.
The 8.20 per cent government security maturing in 2022, the 7.16 per cent government security maturing in 2023 and the 6.84 per cent government security maturing in 2022 were also quoted lower to Rs 102.8475, Rs 98.80 and Rs 97.81 respectively.
The overnight call money rates finished higher to 6.05 per cent from last Friday's closing level of 5.85 per cent. Its resumed higher to 6.00 per cent and moved in a range of 6.08 per cent and 5.70 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 86.10 billion in 13-bids at the overnight repo operations at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 325.99 billion in 72-bids at the 3-days reverse repo auction at a fixed rate of 5.75 per cent as on April 13.