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Bonds, call rates weaken

Author: PTI/Thursday, April 12, 2018/Categories: Bonds

Bonds, call rates weaken

Mumbai - Government bonds (G-Secs) weakened further on heavy selling pressure from banks and corporates and the overnight call money rates also ended lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking system.

The 7.17% 10-year benchmark bond maturing in 2028 dipped to Rs 97.49 from Rs 98.55, while its yield gained to 7.54% from 7.38%.

The 6.68% government security maturing in 2031 dropped to Rs 90.90 from Rs 92.06, while its yield moved up to 7.78% from 7.63%.

The 6.79% government security maturing in 2027 eased to Rs 94.00 from Rs 95.01, while its yield rose to 7.72% from 7.56%.

The 6.35% government security maturing in 2020, the 6.84% government security maturing in 2022 and the 8.20% government security maturing in 2022 were also quoted lower to Rs 99.29, Rs 97.90 and Rs 102.88, respectively.

The overnight call money rates finished lower to 5.80% from Tuesday's closing level of 5.85%. It resumed higher at 6% and moved in a range of 6% and 5.7%.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 38.10 billion in 5-bids at the overnight repo auction at a fixed rate of 6% today morning, while it sold securities worth Rs 157.31 billion in 53-bids at the overnight reverse repo auction at a fixed rate of 5.75% as on April 10.

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