Bonds firm up, call rates end lower

Government bonds (G-Secs) firmed up further on heavy buying support from banks and corporates, but the overnight call money rates ended lower due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 advanced to Rs 105.63 from Rs 104.75 previously, while its yield went down to 6.75 per cent from 6.88 per cent.
The 7.61 per cent government security maturing in 2030 climbed to Rs 106.1125 from Rs 105.1250, while its yield dipped to 6.91 per cent from 7.02 per cent.
The 6.97 per cent government security maturing in 2026 surged to Rs 102.15 from Rs 101.2150, while its yield moved down to 6.67 per cent from 6.80 per cent.

The 7.59 per cent government security maturing in 2029, the 7.88 per cent government security maturing in 2030 and the 7.68 per cent government security maturing in 2023 also quoted higher at Rs 105.55, Rs 107.96 and Rs 105.25, respectively.
The overnight call money rates finished lower at 6.20 per cent from Tuesday's level of 6.30 per cent. It resumed higher at 6.35 per cent and moved in a range of 6.35 per cent and 5.80 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 151.24 billion in a 25-bids at the overnight repo auction at a fixed rate of 6.25 per cent as on today, while it sold securities worth Rs 40.67 billion from 23-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on November 8.