Government bonds react downwards,call rate ends mixed

The government bonds reacted downwards on selling pressure from banks and corporates.

Written by Agencies | Mumbai | Published:September 14, 2012 7:37 pm

The government bonds reacted downwards on selling pressure from banks and corporates,while call rates ended mixed with overnight call money market finishing lower due to lack of demand from borrowing banks,while three-days call rate money ending higher on good demand from the banks.

The 8.33 per cent government security maturing in 2026 dropped to Rs 100.1850 from 100.21 previously,while its yield held steady at 8.30 per cent.

The 8.15 per cent government security maturing in 2022 fell to Rs 99.80 from 99.8150,while its yield inched up 8.18 per cent from 8.17 per cent.

The 8.19 per cent government security maturing in 2020 slid to Rs 99.50 from Rs 99.5850 while its yield moved up to 8.28 per cent from 8.26 per cent.

The 8.07 per cent government security maturing in 2017,and 9.15 per cent government security maturing in 2024 and 8.24 per cent government security maturing in 2018 also quoted lower at Rs 99.49,Rs 105.85 and Rs 99.92 respectively.

The call money rate finished lower at 7.95 per cent from yesterday’s 8.00 per cent,it moved in a range of 8.00 per cent and 7.95 per cent,however,3-days call money closed higher at 8.00 per cent from last Friday’s 7.50 per cent,it moved in a range of 8.05 per cent and 7.90 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 551.20 billion from 21 bids at the three-days repo auction at a fixed rate of 8 per cent.

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