Bonds firm-up, call rates turn lower

Government bonds (G-Secs) prices firmed up on good buying support from banks and corporates, while, the overnight call money rates turned 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 went-up to Rs 103.07 from Rs 102.8975 previously, while its yield moved down to 7.13 per cent from 7.16 per cent.
The 7.59 per cent government security maturing in 2029 surged to Rs 103.3075 from Rs 103.0950, while its yield declined to 7.19 per cent from 7.21 per cent.
The 7.88 per cent government security maturing in 2030 advanced to Rs 106.1475 from Rs 105.82, while its yield down to 7.16 per cent from 7.20 per cent.

The 7.61 per cent government security maturing in 2030, the 7.72 per cent government security maturing in 2025 and the 7.68 per cent government security maturing in 2023 were also quoted higher to Rs 104.18, Rs 103.47 and Rs 103.1075, respectively.
The overnight call money rates finished lower at 6.50 per cent from Tuesday's level of 6.55 per cent. It resumed lower at 6.50 per cent and moved in a range of 6.55 per cent and 6.30 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 123.49 billion in a 19-bids at the overnight repo auction at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 22.61 billion from 18-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on August 23.