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Bonds decline, call rates turn higher

7 December, 2017 12:43 PM
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Bonds decline, call rates turn higher

Government bonds (G-Secs) declined on selling pressure from banks and corporates, but the overnight call money rates turned higher following good demand from borrowing banks amid tight liquidity in the banking system.

The 6.79 percent 10-year benchmark bond maturing in 2027 slipped to Rs 98.1975 from Rs 98.35, while its yield edged up to 7.05 percent from 7.03 percent.

The 6.68 per cent government security maturing in 2031 dipped to Rs 96.2250 from Rs 96.4825, while its yield moved up to 7.11 percent from 7.08 percent.

The 6.79 per cent government security maturing in 2029 went-down to Rs 97.50 from Rs 97.52, while its yield held stable to 7.10 percent.

The 7.16 per cent government security maturing in 2023, the 8.17 percent government security maturing in 2044 and the 8.20 percent government security maturing in 2025 were also quoted lower to Rs 100.86, Rs 106.61 and Rs 105.74 respectively.

The overnight call money rates finished higher at 5.80 percent from Wednesday's level of 5.76 percent. It resumed higher at 5.90 percent and moved in a range of 5.95 percent and 5.70 percent.

Also read: RBI hikes FPI caps in G-secs by Rs 11,200 cr to Rs 3,01,500 cr

Source: moneycontrol.com

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