Bonds remain bearish, call rates end lower
Mumbai: Government bonds remained bearish on sustained selling pressure from banks and corporates, while overnight money rates ended lower at the call money market here today due to lack of demand from borrowing banks.
The 8.33 per cent government security maturing in 2026 dipped to Rs 102.88 from Rs 103.02 previously, while its yield moved up at 7.98 per cent from 7.96 per cent.
The 8.15 per cent government security maturing in 2022 dropped to Rs 101.72 from Rs 101.8550, while its yield gained to 7.89 per cent from 7.86 per cent.
The 8.20 per cent government security maturing in 2025 fell to Rs 101.8250 from Rs 101.9850, while its yield edged up to 7.97 from 7.95 per cent.
The 8.07 per cent government security maturing in 2017, the 9.15 per cent government security maturing in 2024 and 8.97 per cent government security maturing in 2030 were also quoted lower at Rs 100.6625, Rs 108 and Rs 108.41, respectively.
The overnight call money rate finished lower at 7.90 per cent from 8.00 per cent yesterday. It moved in a range of 8.10 per cent and 7.55 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 530.25 billion in 32 bids at the four-days repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 1.80 billion in seven-bids at the 4-days reverse repo auction at a fixed rate of 7 per cent in the evening auction.