Government bonds turn bearish, call rate steady
Mumbai: The government securities (G-Sec) traded bearish on selling pressure from banks and corporates, while the call money rates also ended steady at the overnight call money market here Monday demand from borrowing banks matched supplies.
The 8.33 percent government security maturing in 2026 fell to Rs 105.20 from Rs 106.00 previously, while its yield shot-up to 7.69 percent from 7.60 percent.
The 8.20 percent government security maturing in 2025 dropped to Rs 102.92 from Rs 104.7950, while its yield climbed to 7.69 percent from 7.59 percent.
The 8.07 percent government security maturing in 2017 declined to Rs 101.34 from Rs 101.6475, while its yield advanced to 7.68 percent from 7.59 percent.
The 7.16 percent government security maturing in 2023, the 7.17 percent government security maturing in 2015 and the 8.97 percent government security maturing in 2030 also quoted lower by Rs 97.52, Rs 99.24 and Rs 111.05, respectively.
The Overnight call money rate finished stable at 7.10 percent. It moved in a range of 7.35 percent and 6.90 percent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 802.15 billion in 22-bids at the one-day repo auction at a fixed rate of 7.25 percent, while it sold securities worth Rs 22.85 billion in 6-bids at the one-day reverse repo auction at a fixed rate of 6.25 percent in the evening auction.