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The 6.97% 10-year benchmark bond maturing in 2026 weakened to Rs 100.05 from Rs 100.1725, while its yield rose to 6.96% from 6.94% . Photo:  iStock
The 6.97% 10-year benchmark bond maturing in 2026 weakened to Rs 100.05 from Rs 100.1725, while its yield rose to 6.96% from 6.94% . Photo: iStock

Bonds yields rise, call rates finish lower

Government bonds slipped on selling pressure from banks and corporates. Bond yields and prices move in opposite directions

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 100.05 from 100.1725, while its yield rose to 6.96% from 6.94%. The 6.79% government security maturing in 2029 declined to 97.37 from 97.55, while its yield rose to 7.11% from 7.08%.

The 7.59% government security maturing in 2026 dipped to 103.53 from 103.6725, while its yield gained to 7.04% from to 7.02%.

The 7.61% government security maturing in 2030, the 7.72% government security maturing in 2025 and the 8.27% government security maturing in 2020 were also quoted lower to 102.85, 103.10 and 104.0850 respectively.

The overnight call money rates finished lower at 6.00% from it’s yesterday’s level of 6.05%. It resumed at 6.15% and moved in a range of 6.15% and 6.00%.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth 11.70 billion in 4-bids at the 4-day repo operations at a fixed rate of 6.25% as on today, while it sold securities worth 196.21 billion in 52-bids at the overnight reverse repo auction at a fixed rate of 6.00% as on April 27.

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