Home > market > stock-market-news > Govt bonds slip on selling pressure, call rates finish lower

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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