Bonds remain mixed,call rates flare up further

The government securities (G-Sec) continued to rule mixed on alternate bouts of buying and selling while call rates flared up further at the Overnight call money market today on month-end as well as year-end needs by borrowing banks amid short of supply in bankin system.

Written by Agencies | Mumbai | Published: March 30, 2012 9:15 pm

The government securities (G-Sec) continued to rule mixed on alternate bouts of buying and selling while call rates flared up further at the Overnight call money market today on month-end as well as year-end needs by borrowing banks amid short of supply in bankin system.

The 8.79 per cent (G-Sec) maturing in 2021 improved further to Rs 101.39 from Rs 101.1725 yesterday,while its yield declined to 8.57 per cent to 8.61 per cent.

The 7.83 per cent (G-Sec) maturing in 2018 also remained firm to end at Rs 96.61 from Rs 96.4250,while its yield dipped to 8.56 per cent from 8.60 per cent previously.

The 7.80 per cent (G-Sec) maturing in 2021 recovered to Rs 94.90 from Rs 94.45,while its yield dropped to 8.62 per cent from 8.70 per cent.

However,the 9.15 per cent (G-Sec) maturing in 2024 eased further to Rs 103.55 from Rs 103.62,while its yield rose to 8.70 per cent from 8.67 per cent.

The 8.19 per cent (G-Sec) maturing in 2020 slipped to Rs 97.50 from Rs 97.5650,while its yield edged up to 8.63 per cent from 8.62 per cent.

The 8.97 per cent maturing in 2030 dropped to Rs 101.30 from Rs 101.5025,while its yield improved to 8.82 per cent from 8.20 per cent.

After moving in a range of 11.0 per cent and 15.0 per cent,the overnight call money rate ended at 15 per cent from overnight close of 10.0 per cent. Four-day call rate also shot up to 15 per cent from last Thursday’s close of 9.50 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 1,24,815 crore from 57 bids at the four-day repo auction at a fixed rate of 8.50 per cent.

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