Government Bonds Remain Bearish, Call Rates Ends Lower
Bangalore: Government bonds remained bearish on selling pressure from banks and corporates, while overnight money rates ended also ended lower at the call money market due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.15 per cent government security maturing in 2022 dropped to 
100.99 from 101.26 , while its yield moved up at 7.99 per cent from 7.95 per cent.
The 8.20 per cent government security maturing in 2025 slid to 100.82 from 100.99, while its yield edged up to 8.09 per cent from 8.07 per cent.
The 8.33 per cent government security maturing in 2026 fell to 101.85 from 102.03, while its yield went up at 8.10 per cent from 8.08 per cent.
The 8.07 per cent government security maturing in 2017, the 9.15 per cent government security maturing in 2024 and 8.12 per cent government security maturing in 2020 were also quoted lower at 100.7050, 107.47 and 101.4050, respectively.
The overnight call money rate finished lower at 7.00 per cent from 8.50 per cent previously. It moved in a range of 7.70 per cent and 7.00 per cent.
The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth 1,209.65 billion in 40 bids at the one-day repo auction at a fixed rate of 7.50 per cent, while it sold securities worth 115.70 billion in eighteen-bids at the 1-day reverse repo auction at a fixed rate of 6.50 per cent in the evening auction.
