Mumbai, Dec 07 (PTI) Government bonds (G-Secs)declined on selling pressure from banks and corporates, butthe overnight call money rates turned higher following gooddemand from borrowing banks amid tight liquidity in thebanking system.
The 6.79 per cent 10-year benchmark bond maturing in2027 slipped to Rs 98.1975 from Rs 98.35, while its yieldedged up to 7.05 per cent from 7.03 per cent.
The 6.68 per cent government security maturing in 2031dipped to Rs 96.2250 from Rs 96.4825, while its yield movedup to 7.11 per cent from 7.08 per cent.
The 6.79 per cent government security maturing in 2029went-down to Rs 97.50 from Rs 97.52, while its yield heldstable to 7.10 per cennt.
The 7.16 per cent government security maturing in2023, the 8.17 per cent government security maturing in 2044and the 8.20 per cent government security maturing in 2025were also quoted lower to Rs 100.86, Rs 106.61 and Rs 105.74respectively.
The overnight call money rates finished higher at 5.80per cent from Wednesday's level of 5.76 per cent. It resumedhigher at 5.90 per cent and moved in a range of 5.95 per centand 5.70 per cent.
Meanwhile, Reserve Bank of India, under the LiquidityAdjustment Facility, purchased securities worth Rs 27.95billion in 5-bids at the overnight repo auction at a fixedrate of 6.00 per cent today morning, while it sold securitiesworth Rs 227.08 billion in 59-bids at the overnight reverserepo auction at a fixed rate of 5.75 per cent as on December06. PTIBPD.
This is unedited, unformatted feed from the Press Trust of India wire.