BackGovt bonds slip on selling pressure, call rates finish lower
The 10-year benchmark bonds fell to Rs100.62 from Rs100.7925, while its yield rose to 6.88% from 6.85%
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Mumbai: Government bonds (G-Secs) slipped on selling pressure from banks and corporates, and the overnight call money rates also finished lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system.
The 6.97% 10-year benchmark bond maturing in 2026 weakened to ₹ 100.62 from ₹ 100.7925, while its yield rose to 6.88% from 6.85%. The 7.61% government security maturing in 2030 declined to ₹ 103.59 from ₹ 103.71, while its yield inched up to 7.18% from 7.17%.
The 7.59% government security maturing in 2026 dipped to ₹ 104.0625 from ₹ 104.15, while its yield inched up to 6.96% from to 6.95%.
The 6.79% government security maturing in 2029, the 8.27% government security maturing in 2020 and the 8.15% government security maturing in 2022 were also quoted lower to ₹ 97.88, ₹ 104.4650 and ₹ 105.10 respectively.
The overnight call money rates finished lower at 6.00% from yesterday’s level of 6.20%.
It resumed at 6.20% and moved in a range of 6.20% and 5.90%. Meanwhile, Reserve Bank of India (RBI), under the liquidity adjustment facility, purchased securities worth ₹ 05 crore in 1-bid at the overnight repo operations at a fixed rate of 6.25% as on Thursday, while it sold securities worth ₹ 147.50 billion in 32-bids at the overnight reverse repo auction at a fixed rate of 6.00% as on April 19.
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