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Bonds yields rise, call rates finish lower

LiveMint logoLiveMint 28-04-2017 PTI

Mumbai: Government bonds (G-Secs) slipped on selling pressure from banks and corporates, and the overnight call money rates also finished lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system.

The 6.97% 10-year benchmark bond maturing in 2026 weakened to Rs 100.05 from Rs 100.1725, while its yield rose to 6.96% from 6.94%. The 6.79% government security maturing in 2029 declined to Rs 97.37 from Rs 97.55, while its yield rose to 7.11% from 7.08%.

The 7.59% government security maturing in 2026 dipped to Rs 103.53 from Rs 103.6725, while its yield gained to 7.04% from to 7.02%.

The 7.61% government security maturing in 2030, the 7.72% government security maturing in 2025 and the 8.27% government security maturing in 2020 were also quoted lower to Rs 102.85, Rs 103.10 and Rs 104.0850 respectively.

The overnight call money rates finished lower at 6.00% from it’s yesterday’s level of 6.05%. It resumed at 6.15% and moved in a range of 6.15% and 6.00%.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 11.70 billion in 4-bids at the 4-day repo operations at a fixed rate of 6.25% as on today, while it sold securities worth Rs 196.21 billion in 52-bids at the overnight reverse repo auction at a fixed rate of 6.00% as on April 27.

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