Bonds firm up, call rates turn lower

Government bonds (G-Secs) firmed up following good demand from corporates and banks, but the interbank call rates turned lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system.
The 7.59 per cent government security maturing in 2026 surged to Rs 106.9725 as compared to Rs 106.56 previously, while its yield declined to 6.56 per cent from 6.62 per cent.
The 6.97 per cent government security maturing in 2026 advanced to Rs 103.77 from Rs 103.14, while its yield softened to 6.44 per cent from 6.53 per cent.
The 7.59 per cent government security maturing in 2029 rose to Rs 107.1750 from Rs 106.60, while, its yield edged down to 6.72 per cent from 6.79 per cent.

The 7.61 per cent government security maturing in 2030, the 7.88 per cent government security maturing in 2030 and the 7.68 per cent government security maturing in 2023 were also quoted higher at Rs 108.0550, Rs 109.74 and Rs 106.63, respectively.
The overnight call money rates finished lower at 5.95 per cent from Tuesday's close at 6.20 per cent. It opened lower to 5.95 per cent and moved in a range of 6.25 per cent and 5.85 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 39.88 billion in 7-bids at the overnight repo auction at a fixed rate of 6.25 per cent as on today, while its sold securities worth Rs 154.05 billion from 52-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on November 15.