Bonds firm up, call rates rule stable

Government bonds (G-Secs) firmed up following rising demand from corporates and banks, while interbank call money rates remained steady as demand from borrowing banks match supplies.
The 7.59 per cent 10-year benchmark bond maturing in 2026 surged to Rs 104.6575 from Rs 104.2475, while its yield moved down to 6.90 per cent from 6.96 per cent.
The 7.59 per cent government security maturing in 2029 advanced to Rs 105.10 from Rs 104.69, while its yield went down to 6.97 per cent from Rs 7.02 per cent.
The 7.61 per cent government security maturing in 2030 climbed to Rs 105.9125 from Rs 105.51, while its yield edged down to 6.93 per cent from 6.98 per cent.

The 7.88 per cent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 6.97 per cent government security maturing in 2026 were also quoted higher to Rs 107.53, Rs 104.46 and Rs 101.4150 respectively.
The overnight call money rates ended stable at its last Friday's level of 6.50 per cent after trading in a range of 6.55 per cent and 6.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 31.81 billion in 8-bids at the overnight repo auction at a fixed rate of 6.50 per cent today morning, while it sold securities worth Rs 72.70 billion in 31-bids at the 2-days reverse repo auction at a fixed rate of 6.00 per cent as on October 1.