Bonds firm up, call rates turn higher

Government bonds (G-Secs) firmed up following sustained demand from corporates and banks, and the interbank call money rates also turned higher due to rising demand from borrowing banks amid tight liquidity situation in the banking system.
The 7.59 per cent government security maturing in 2026 rose to Rs 103.62 as compared to Rs 103.51 previously, while its yield was down to 7.05 per cent from 7.07 per cent.
The 7.59 per cent government security maturing in 2029 surged to Rs 103.78 from Rs 103.67, while its yield inched down to 7.13 per cent from 7.14 per cent.
The 7.61 per cent government security maturing in 2030 gained to Rs 104.69 from Rs 104.60. While, its yield softened to 7.07 per cent from 7.08 per cent.

The 7.88 per cent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 7.35 per cent government security maturing in 2024 were also quoted higher at Rs 106.26, Rs 103.64 and Rs 101.77, respectively.
The overnight call money rates also finished higher at 6.55 per cent from Thursday's close of 6.45 per cent. It resumed at yesterday's level of 6.45 per cent and moved in a range of 6.55 per cent and 6.40 per cent.
The 3-days call money rates ended 6.55 per cent. It moved in a range of 6.60 per cent and 6.40 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 142.23 billion in 38-bids at the 3-days repo auction at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 82.17 billion from 26-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on September 15.