Bonds weaken, call rates turn higher

Mumbai: Government bonds (G-Secs) weakened further on selling pressure from banks and corporates, while, the overnight call money rates turned 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 eased to Rs 95.25 from Rs 95.26, while its yield inched up to 7.90 per cent from 7.89 per cent. The 6.68 per cent government security maturing in 2031 dropped to Rs 88.8175 from Rs 88.92, while its yield edged up to 8.08 per cent from 8.06 per cent. The 7.59 per cent government security maturing in 2026 fell to Rs 97.35 from Rs 97.40, 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, the 7.37 per cent government security maturing in 2023 and the 7.06 per cent government security maturing in 2046 were also quoted lower to Rs 96.15, Rs 97.74 and Rs 87.34 respectively. (PTI)