Government bonds (G-Secs) slipped on selling pressure from banks and corporates, while the overnight call money rates finished higher due to good demand from borrowing banks amidst tight liquidity in the banking sytem.
The 7.17 per cent 10-year benchmark bond maturing in 2028 slipped to Rs 97.49 from Rs 97.81 previously, while its yield gained to 7.54 per cent from 7.49 per cent.
The 6.68 per cent government security maturing in 2031 declined to Rs 90.95 from Rs 91.3975, while its yield rose to 7.78 per cent from 7.72 per cent.
The 6.79 per cent government security maturing in 2027 went-down to Rs 94.1375 from Rs 94.33, while its yield moved up to 7.70 per cent from 7.67 per cent.
The 8.15 per cent government security maturing in 2022, the 8.79 per cent government security maturing in 2021 and the 7.94 per cent government security maturing in 2021 were also quoted lower to Rs 102.3850, Rs 104.5075 and Rs 101.95 respectively.
The overnight call money rates finished higher to 5.90 per cent from it's Tuesday's closing level of 5.80 per cent. Its resumed higher to 6.00 per cent and moved in a range of 6.00 per cent and 5.75 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 36.35 billion in 5-bids at the overnight repo operations at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 88.59 billion in 37-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on April 17.
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