Government bonds trade bearish, call rate ends higher

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SummaryThe Government bonds securities (G-Sec) traded bearish on selling pressure from banks and corporates, while call rate finished higher at the overnight call money market due to good demand from borrowing banks.

The Government bonds securities (G-Sec) traded bearish on selling pressure from banks and corporates, while call rate finished higher at the overnight call money market due to good demand from borrowing banks.

The 7.16 per cent government security maturing in 2023 declined to Rs 92.47 from Rs 93.56 last Friday, while its yield rose to 8.30 per cent from 8.12 per cent.

The 8.33 per cent government security maturing in 2026 fell to Rs 96.30 from Rs 98.05, while its yield shot up to 8.81 per cent from 8.58 per cent.

The 8.20 per cent government security maturing in 2025 moved down to Rs 95.30 from Rs 97.10, while its yield gained to 8.84 per cent from 8.59 per cent.

The 8.12 per cent government security maturing in 2020, the 8.15 per cent maturing in 2022 and the 8.07 per cent maturing in 2017 also quoted lower at Rs 96.45, Rs 96.20 and Rs 97.50, respectively.

The Overnight call money rate finished higher at 10.25 per cent from previous closing level of 10.00 per cent. It moved in a range of 10.50 per cent and 10.10 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 384.56 billion in 64-bids at the 1-day repo auction at a fixed rate of 7.25 per cent, while its sold securities worth Rs 0.40 billion in 3-bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent in the evening auction.

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