Mumbai: 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 amid tight liquidity in the banking system.
The 7.17 per cent 10-year benchmark bond maturing in 2028 declined to Rs 95.25 from Rs 95.3750 previously, while its yield edged up to 7.89 per cent from 7.87 per cent.
The 6.68 per cent government security maturing in 2031 went-down to Rs 88.80 from Rs 88.90, while its yield inched up to 8.07 per cent from 8.06 per cent.
The 6.84 per cent government security maturing in 2022 eased to Rs 95.91 from Rs 95.94, while its yield marginal up to 7.95 per cent from 7.94 per cent.
The 7.59 per cent government security maturing in 2026, the 8.27 per cent government security maturing in 2020 and the 8.20 per cent government security maturing in 2022 were also quoted lower to Rs 96.82, Rs 101.1725 and Rs 100.76 respectively.
The overnight call money rates ended higher to 6.25 per cent from last Friday's closing level of 6.05 per cent. It resumed higher at 6.25 per cent and moved in a range of 6.35 per cent and 6.00 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 78.06 billion in 17-bids at the overnight repo operation at a fixed rate of 6.25 per cent as on today, while it sold securities worth Rs 40.26 billion in 23-bids at the 2-days reverse repo auction at a fixed rate of 6.00 per cent as on July 07.
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