Bonds firm up, call rates end higher

Government bonds (G-Secs) firmed up following heavy demand from corporates and banks, and the interbank call money rates ended higher due to good demand from borrowing banks amid tight liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 climbed to Rs 102.30 as compared to Rs 102.22 previously, while its yield inched down to 7.25 per cent from 7.26 per cent.
The 7.59 per cent government security maturing in 2029 spurts to Rs 101.61 from Rs 101.57 previously, while its yield edged down to 7.39 per cent from 7.40 per cent.
The 7.88 per cent government security maturing in 2030 went up to Rs 104.1750 from Rs 104.1525 previously, while, its yield ruled stady at 7.39 per cent.

The 7.68 per cent government security maturing in 2023, the 7.72 per cent government security maturing in 2025 and the 8.27 per cent government security maturing in 2020 were also quoted higher at Rs 102.5775, Rs 102.5750 and Rs 104.11 respectively.
The overnight call money rates finished higher at 6.20 per cent from Thursday's close 6.10 per cent. It resumed higher at 6.55 per cent and moved in a wide range of 6.60 per cent and 5.25 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 88.74 billion in 20-bids at the 3-days repo auction at a fixed rate of 6.50 per cent as on today, while its sold securities worth Rs 74.78 billion from 37-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on July 21.