Bonds end mixed; call rates recover

The government bonds (G-Secs) ended mixed on alternate bouts of buying and selling, while the overnight call money rate recovered due to fresh demand from borrowing banks amid tight liquidity in the banking system.
The 8.40 per cent 10-year benchmark bond maturing in 2024 climbed to Rs 101.58 from Rs 101.5425 previously, while its yield ended steady at 8.16 per cent.
The 8.27 per cent government security maturing in 2020, rose to Rs 100.1850 from Rs 100.11, while its yield edged-down to 8.23 per cent to 8.24 per cent.
The 8.12 per cent government security maturing in 2020, also gained to Rs 99.3050 from Rs 99.25, while its yield inched-down to 8.27 per cent from 8.28 per cent.

However, the 8.60 per cent government security maturing in 2028 fell to Rs 102.88 from Rs 102.91, while its yield held stable at 8.24 per cent.
The 8.83 per cent government security maturing in 2023, moved-down to Rs 103.5375 from Rs 103.54, while its yield edged-up to 8.27 per cent from 8.26 per cent.

The 8.28 per cent government security maturing in 2027, also dipped to Rs 99.96.50 from Rs 99.9850, while its yield moved down to 8.28 per cent from 8.29 per cent.
The overnight call money rates opened higher at 8.05 per cent as against yesterday's closing level of 7.60 per cent. It moved in range of 8.20 per cent and 7.00 per cent before ending at 8.00 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 88.81 billion in 16-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 19.15 billion from 13-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on November 19.