Mumbai: Government bonds (G-Secs) slipped on selling pressure from banks and corporates and the overnight call money rate ended lower at the money market due to subdued demand from borrowing banks amidst ample liquidity in the banking system.
The 8.40 percent government security maturing in 2024 slipped to Rs 102.90 from Rs 102.9525 previously, while its yield move-up to 7.95 percent from 7.94 percent.
The 8.60 percent government security maturing in 2028 fell to Rs 104.87 from Rs 104.98, while its yield inched-up to 7.99 percent from 7.98 percent.
The 8.83 percent government security maturing in 2023 also eased to Rs 104.75 from Rs 104.8125, while its yield edged-up to 8.05 percent from 8.04 percent.
The 9.20 percent government security maturing in 2030 and the 8.24 percent government security maturing in 2033 were also quoted lower to Rs 109.60 and Rs 101.27, respectively.
However, 8.15 percent government securities maturing in 2025, 7.88 percent government securities maturing in 2030 and the 7.16 percent government securities maturing in 2023 were all quoted stable at their overnight levels.
The overnight call money rates ended lower at 6.50 percent from overnight closing level of 7.50 percent, it moved in a range to 6.60 percent and 6.00 percent.
The 3-days call money rate also finished lower at 6.55 as against last Friday's 6.65 percent, it moved in a wide range to 7.82 percent and 6.25 percent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF),purchased securities worth Rs 204.50 billion in 51-bids at the 3-days repo auction at a fixed rate of 7.50 percent today morning, while it sold securities worth Rs 39.17 billion from 27-bids at overnight reverse repo auction at a fixed rate of 6.50 percent as on yesterday, evening.
