Bonds firm up further, call rate recovers

The government securities (G-Sec) firmed up further on sustained buying support from banks and corporates while, the overnight call money market rate recovered on fresh demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 climbed to Rs 100.53 from Rs 100.45, while its yield edged down to 8.75 per cent from 8.76 per cent.
The 8.28 per cent government security maturing in 2027 gained to Rs 94.19 from Rs 94.03, while its yield moved down to 9.04 per cent from 9.06 per cent.
The 8.24 per cent government security maturing in 2027 also advanced to Rs 94.03 from Rs 93.87, while its yield fell to 9.03 per cent from 9.06 per cent.

The 8.35 per cent government security maturing in 2022, the 7.80 per cent government security maturing in 2020 and the 8.12 per cent government security maturing in 2020 also quoted higher at Rs 96.95, Rs 95.00 and Rs 96.15, respectively.
The overnight call money rate finished higher at 8.50 per cent from 7.05 per cent yesterday and it moved in a range of 8.50 per cent and 8.00 per cent and the 3-days call money rate also ended higher 8.70 per cent from 7.50 per cent last Friday,it moved in a range of 9.00 per cent and 7.75 percent.
The Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 209.23 billion in 55-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 66.52 billion from 18-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.