Bonds, call rate recovers

The government bond (G-Sec) prices recovered on good buying support from banks and corporates and the overnight call money rate also rebounded on fresh demand from borrowing banks amidst tight liquidity in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 climbed to Rs 101.88 from Rs 101.7050, while its yield moved-down to 8.54 per cent from 8.56 previously.
The 8.28 per cent government security maturing in 2027 gained to Rs 97.46 from Rs 97.34, while its yield edged down to 8.60 per cent from Rs 8.62 per cent.
The 8.12 per cent government security maturing in 2020 rose to Rs 98.00 from Rs 97.95, while its yield inched-up to 8.53 per cent from 8.54 per cent.

The 8.24 per cent government security maturing in 2027 also surged to Rs 97.13 as against Rs 97.09, while its yield eased to 8.61 per cent from 8.62 per cent.
The 8.35 per cent government security maturing in 2022, 8.60 per cent government security maturing in 2028 and 7.28 per cent government security maturing in 2019 were also quoted higher at Rs 98.8675, Rs 101.21 and Rs 95.4925, respectively.
The overnight call money rates finished higher at 7.50 per cent from yesterday's level of 7.00 per cent. It moved in range of 8.40 per cent and 7.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 184.22 billion in 52-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 42.74 billion from 20-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent last Friday.