Bonds gain, call rates end lower

Government bonds (G-Secs) gained further on sustained buying support from banks and corporates.
While, the overnight call money rate ended lower at the money market due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 advanced to Rs 103.48 from Rs 103.2175 previously, while its yield eased to 7.86 per cent from 7.90 per cent.
The 8.15 per cent government security maturing in 2026 climbed to Rs 102.00 from Rs 101.4625, while its yield fell to 7.88 per cent from 7.95 per cent.
The 8.60 per cent government security maturing in 2028 also rose to Rs 105.7375 from Rs 105.2150, while its yield moved down to 7.89 per cent from 7.95 per cent.

The 8.27 per cent government security maturing in 2020, 7.88 per cent government security maturing in 2030 and 8.83 per cent government security maturing in 2023 were also quoted higher to Rs 101.6925, Rs 100.59 and Rs 105.33, respectively.
The overnight call money rates ended lower at 7.50 per cent from yesterday's level of 7.80 per cent. It moved in a range of 8.10 per cent and 7.15 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 203.66 billion in a 50-bids at the 1-day repo auction at a fixed rate of 7.50 per cent as on today, while it sold securities worth Rs 10.56 billion from 14-bids at the 1-day Overnight Reverse Repo auction at a fixed rate of 6.50 per cent as on May 18.