MUMBAI: Government bonds (G-Secs) slipped on selling pressure from banks and corporates, while, the overnight call money rates ended 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 went-down to Rs 96.58 from Rs 97.1850 previously, while its yield rose to 7.67 per cent from 7.58 per cent.
The 6.79 per cent government security maturing in 2027 dipped to Rs 93.23 from Rs 93.77, while its yield moved up to 7.83 per cent from 7.74 per cent.
The 6.68 per cent government security maturing in 2031 fell to Rs 89.79 from Rs 90.45, while its yield edged up to 7.92 per cent from 7.83 per cent.
The 6.84 per cent government security maturing in 2022 and the 8.20 per cent government security maturing in 2022 were also quoted lower to Rs 97.5450 and Rs 102.7075 respectively.
The overnight call money rates finished higher at 6.00 per cent from last Friday's closing level of 5.90 per cent. It resumed higher at 6.05 per cent and moved in a range of 6.05 per cent and 5.75 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 58.25 billion in 9-bids at the overnight repo auction at a fixed rate of 6.00 per cent today morning, while it sold securities worth Rs 50.15 billion in 21-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on February 19.
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