Bonds advances, call rates slip

The government bond (G-Sec) prices advanced further on consistent buying support from banks and corporates.
While, the overnight call money rate slipped at the money market due to subdued demand from borrowing banks amid ample liquidity in the banking system.
The 10-year benchmark bond 8.40 per cent maturing in 2024 climbed to Rs 102.68 from Rs 102.6750 yesterday, while its yield held stable at 7.98 per cent.
The 7.72 per cent government security maturing in 2025 rose to Rs 99.45 from Rs 99.37, while its yield edged down to 7.80 per cent from 7.81 per cent.
The 8.27 per cent government security maturing in 2020 gained to Rs 101.14 from Rs 100.0750, while its yield moved down to 7.98 per cent from 8.00 per cent.

The 7.68 per cent government security maturing in 2023 moved up to Rs 98.06 from Rs 98.0525, while yield ruled steady at 8.00 per cent.

The 8.60 per cent government security maturing in 2028, the 8.15 per cent government security maturing in 2026 and the 7.88 per cent government security maturing in 2030 were also quoted higher at Rs 104.24, Rs 100.64 and Rs 99.06, respectively.
The overnight call rates finished lower at 6.25 per cent against Thursday's close of 7.00 after trading in a range of 6.50 per cent and 6.25 per cent earlier.
Meanwhile, the three-day call money rates ended higher at 7.00 per cent from last weekend of 6.40 per cent. It moved in a range of 7.25 nd 6.00 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 20.39 billion in 6-bids at the three-day repo auction at a fixed rate of 7.25 per cent today morning, while it sold securities worth Rs 57.54 billion from 15-bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent yesterday evening.