Bonds gain, call rates turn higher

Government bonds (G-Secs) gained following bouts of demand from corporates and banks and the interbank call rates also turned higher owing to good demand from borrowing banks amid tight liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 rose to Rs 104.51 as compared to Rs 104.43 previously, while its yield inched down to 6.92 per cent from 6.93 per cent.
The 7.59 per cent government security maturing in 2029 went-up to Rs 105.14 from Rs 104.9750, while its yield edged down to 6.97 per cent from 6.99 per cent.
The 7.88 per cent government security maturing in 2030 spurts to Rs 107.54 from Rs 107.40, while, its yield softened to 7.01 per cent from 7.02 per cent.

The 7.61 percent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 6.97 per cent government security maturing in 2026 were also quoted higher at Rs 105.9650, Rs 104.41 and Rs 101.3350 respectively.
The overnight call money rates finished higher at 6.40 per cent from Tuesday's level 6.20 per cent. Its moved in a range of 6.55 per cent and 6.25 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 79.10 billion in 8-bids at the overnight repo auction at a fixed rate of 6.50 per cent as on today, while its sold securities worth Rs 107.51 billion from 28-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on September 27.