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This is an archive article published on April 13, 2012

Bonds end mixed while call rate declines further

The government securities G-Sec finished narrowly mixed on alternate bouts of buying and selling by banks and corporates after few days of rally while call rates moved down further at the Overnight call money market here today on excess supply inn the banking system.

The government securities G-Sec finished narrowly mixed on alternate bouts of buying and selling by banks and corporates after few days of rally while call rates moved down further at the Overnight call money market here today on excess supply inn the banking system.

The 9.15 per cent G-Sec maturing in 2024 fell back to Rs 104.64 from Rs 105.0750,while its yield rose to 8.54 per cent from 8.48 per cent yesterday.

The 8.79 per cent G-Sec maturing in 2021 also turned negative and ended lower at 102.0650 from 102.26 previously,while its yield firmed up to 8.47 per cent from 8.44 per cent.

The 8.19 per cent G-Sec maturing in 2020 softened to Rs 98.6325 from Rs 98.68. while its yield edged up to 8.43 per cent from 8.42 per cent.

However,the 8.97 per cent G-Sec maturing in 2030,the 8.13 per cent G-Sec maturing in 2022 and the 7.99 per cent G-Sec maturing in 2017 improved further to Rs 102.00,Rs 97.15 and Rs 95.50 respectively.

After moving in a narrow range of 8.95 per cent and 8.50 per cent,the overnight call money rate settled weak at 8.50 per cent from 8.75 per cent.

The Reserve Bank of India RBI under the Liquidity Adjustment Facility LAF purchased securities worth Rs 74,550 crore from 37 bids at the three-days repo auction at a fixed rate of 8.50 per cent while sold securities worth Rs 300 crore from one bid at the three-days reverse repo auction at a fixed rate of 7.50 per cent.

 

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