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Bond yields rise, call money rates stay steady

LiveMint logoLiveMint 26-04-2017 PTI

Mumbai: Government bonds (G-Secs) declined on selling pressure from banks and corporates. While, interbank call money rates remained steady as demand from borrowing banks match supplies.

The 6.97% 10-year benchmark bond maturing in 2026 fell to Rs 100.08 from Rs 100.23, while its yield moved up to 6.96% from 6.93%.

The 6.79% government security maturing in 2029 dipped to Rs 97.56 from Rs 97.85, while its yield rose to 7.08% from 7.05%. The 7.61% government security maturing in 2030 eased to Rs 103.14 from Rs 103.5850, while its yield edged up to 7.23% from 7.18%.

The 7.59% government security maturing in 2026, the 7.35% government security maturing in 2024 and the 7.72% government security maturing in 2025 were also quoted lower to Rs 103.5350, Rs 101.10 and Rs 103.18 respectively.

The overnight call money rates ended stable at its previous level of 6.05% after trading in a range of 6.25% and 6.00%.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 10.25 billion in 3-bids at the overnight repo operation at a fixed rate of 6.25% as on Wednesday, while it sold securities worth Rs 154.88 billion in 46-bids at the overnight reverse repo auction at a fixed rate of 6.00% as on April 25.

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