Bonds remain mixed, call rate ends higher

The government securities (G-Sec) closed mixed on alternate bouts of buying and selling, while  call money rates ended slightly higher at the overnight call
money market here today on good demand from borrowing banks. The 8.15 per cent G-Sec maturing in 2022 eased to Rs 99.86 from Rs 99.8625 last Friday, while its yield held steady at 8.17 per cent.

The 8.19 per cent G-sec maturing in 2020 dropped to Rs 99.8975 from Rs 99.93, while its yield inched up to 8.21 per cent from 8.20 per cent. The 8.07 per cent G-sec maturing in 2017 declined to Rs 99.70 from Rs 99.7325, while its yield moved up to 8.14 per cent from 8.13 per cent.

However, the 8.97 per cent G-sec maturing in 2030 rose to Rs 105.42 from Rs 105.4050 previously, while its yield held stable at 8.38 per cent. The 8.33 per cent G-sec maturing in 2036 gained to Rs 99.20 from Rs 99.15, while its yield were unchanged at 8.41 per cent.

The 8.28 per cent G-sec maturing in 2032 went up to Rs 98.8550 from Rs 98.8000, while its yield held steady at 8.40 per cent. The three-days call money rate finished slightly higher at 8.07 per cent from last Thursday's closing level of 8.05 per cent. It moved in a range of 8.10 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility purchased securities worth Rs 701.10 billion in 29 bids at the one day repo auction at a fixed rate of 8.00 per cent and sold securities worth Rs 0.20
billion from single bid at one-day reverse repo auction at a fixed rate of 7.00 per cent.