Bonds react downwards, call rates ends higher

The government bonds reacted downwards on selling pressure from banks and corporates, while call money rates both overnight and 3-days ended higher at the call money market here today on good demand from borrowing banks.

The 8.33 per cent government security maturing in 2026 fell to Rs 100.1650 from Rs 100.35 previously, while its yield gained at 8.31 per cent from 8.28 per cent.

The 8.15 per cent government security maturing in 2022 dropped to Rs 99.5625 from Rs 99.7175, while its yield rose to 8.22 per cent from 8.19 per cent.

The 8.20 per cent government security maturing in 2025 slid to Rs 99.2975 from Rs 99.50, while its yield went up 8.29 per cent from 8.26 per cent.

The 8.19 per cent government security maturing in 2020, the 8.97 per cent government security maturing in 2030 and 8.07 per cent government security maturing in 2017 were also quoted lower at Rs 99.7850, Rs 105.30 and Rs 99.62, respectively.

The overnight call money rate finished slightly higher at 8.08 per cent from 8.05 per cent yesterday.

The 3-days call money rate also advanced 8.05 per cent from 7.95 per cent previously. It moved in a range of 8.10 per cent and 8.00 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 874.60 billion in 36 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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