Government bonds (G-Secs) weakened further on heavy 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 in the banking sytem.
The 7.17 per cent 10-year benchmark bond maturing in 2028 dipped to Rs 96.2475 from Rs 96.32, while its yield inched up to 7.73 per cent from 7.72 per cent.
The 6.68 per cent government security maturing in 2031 went-down to Rs 89.6700 from Rs 89.6825, while its yield marginal up to 7.95 per cent from 7.94 per cent.
The 6.84 per cent government security maturing in 2022 eased to Rs 96.3850 from Rs 96.40, while its yield up to 7.79 per cent from 7.78 per cent.
The 8.20 per cent government security maturing in 2022 and the 8.15 per cent government security maturing in 2022 were also quoted lower to Rs 101.36 and Rs 101.14 respectively.
The overnight call money rates finished lower to 5.80 per cent from Thursday's closing level of 5.90 per cent. It resumed higher at 6.00 per cent and moved in a range of 6.05 per cent and 5.60 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 72.31 billion in 14-bids at the 3-days repo auction at a fixed rate of 6.00 per cent today morning, while it sold securities worth Rs 117.80 billion in 47-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on May 10.
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