Bonds slip, call rates finish lower

Government bonds (G-Secs) slipped on
selling pressure from banks and corporates and the overnight
call money rates also finished lower owing to subdued demand
from borrowing banks amid ample liquidity in the system.
The 7.59 per cent government security maturing in 2026
declined to Rs 100.86 from Rs 101.2275 previously, while its
yield edged up to 7.46 per cent from 7.41 per cent.
The 7.88 per cent government security maturing in 2030
dipped to Rs 100.59 from Rs 100.8150, while its yield rose
to 7.81 per cent from 7.78 per cent.
The 7.59 per cent government security maturing in 2029
fell to Rs 99.30 from Rs 99.52, while its yield moved up to
7.68 per cent from 7.65 per cent.
The 7.72 per cent government security maturing in 2025,
the 8.27 per cent government security maturing in 2020 and the
7.68 per cent government security maturing in 2023 were also
quoted lower to Rs 100.22, Rs 103.0250 and Rs 100.23,
respectively.
The overnight call money rates finished lower at 6.05
per cent from Tuesday's closing level of 6.75 per cent. It
resumed stable and moved in a range of 6.80 per cent and 6.00
per cent.
Meanwhile, Reserve Bank of India (RBI), under the
Liquidity Adjustment Facility (LAF), purchased securities
worth Rs 47.31 billion in 9-bids at the overnight repo auction
at a fixed rate of 6.75 per cent as on today.
It sold securities worth Rs 106.50 billion from 47-bids at
the overnight reverse repo auction at a fixed rate of 5.75 per
cent as on April 4.