Bonds close better on buying support

Government securities (G-sec) improved further on sustained buying support from banks and corporates.

The 9.15 per cent G-sec maturing in 2024 moved up further to Rs 104.68 from Rs 104.61 yesterday, while its yield softened to 8.53 per cent from 8.54 per cent.

The 8.79 per cent G-sec maturing in 2021 firmed up to Rs 101.79 from Rs 101.72, while its yield looked down to 8.51 per cent from 8.52 per cent.

The 8.19 per cent G-sec maturing in 2020 was slightly better at Rs 98.695 from Rs 98.69, while its yield held steady at 8.42 per cent.

The 8.97 per cent G-sec maturing in 2030, the 8.24 per cent G-sec maturing in 2018, the 8.83 per cent G-sec maturing in 2041 and the 8.28 per cent G-sec maturing in 2027 also ended higher at Rs 101.86, Rs 98.98, Rs 99.25 and Rs 96, respectively.

Call rates ease
Call rates eased at the overnight call money market here on Wednesday due to lack of demand from borrowing banks.

The overnight call money rate finished slightly lower at 8.26 per cent from yesterday’s closing level of 8.3 per cent. It moved in a range of 8.40 per cent and eight per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 1,04,510 crore from 48 bids at the one-day repo auction at a fixed rate of eight per cent and sold securities worth Rs 10 crore from one bid at the one-day reverse repo auction at a fixed rate of seven per cent.