BackBonds fall further, yield firms up
Bonds fall further, yield firms up
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Mumbai: The government bond prices declined on Wednesday while its yield firmed up on sustained selling pressure from banks and corporates.
The five days call rates ended at 5.00% after moving in a range of 5.75% and 4.75% on the call money market due to good demand from banks.
The 7.02% government security maturing in 2016 dropped to Rs97.12 from Rs97.70 on Tuesday, while its yield shot up 7.60% from 7.48%.
The 6.35% government security maturing in 2020 fell to Rs89.90 from Rs90.30, while its yield rose up to 7.85% from 7.79%.
The 7.27% government security maturing in 2013 and the 7.40% security maturing in 2012, were also quoted lower at Rs101.59 and Rs102.40, respectively.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) mopped up Rs1,650 crore from two bids at the five days reverse repo auction at the rate of 3.50% and Rs2,190 crore from two bids at the five days repo auction at the rate of 5.00%.
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