Bonds end mixed, call rates turn lower

Government bonds (G-Secs) ended mixed in a quiet trade following alternate bouts of buying and selling. While the overnight call money rates turned lower due to lack of demand from borrowing banks amidst ample liquidity in the banking system.

The 7.17 percent 10-year benchmark bond maturing in 2028 eased to Rs 95.73 from Rs 95.6975, while its yield held stable at 7.82 percent. The 6.84 percent government security maturing in 2022 inched up to Rs 96.41 from Rs 96.40, while its yield ruled steady at 7.83 percent.

The 6.68 percent government security maturing in 2031 fell to Rs 89.42 from Rs 89.43, while its yield moved down to 8.00 percent from 8.01 percent.

The 7.59 percent government security maturing in 2026 rose to Rs 97.61 from Rs 97.5950, while its yield ruled steady at 8.02 percent. The 7.37 percent government security maturing in 2023 gained to Rs 98.10 from Rs 98.0925, while its yield held stable at 7.86 percent.

The overnight call money rates ended lower to 6.25 percent from Monday's level of 6.35 percent. It resumed higher at 6.50 percent and moved in a range of 6.50 percent and 6.25 percent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 125.50 billion in 27-bids at the 2-day repo operation at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 102.81 billion in 44-bids at the overnight reverse repo auction at a fixed rate of 6.25 per cent as on August 13.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)