Bonds maintain up move, call rates turn higher

Government bonds (G-Secs) extended its gain following heavy demand from corporates and banks, and the interbank call rates also turned higher due to good demand from borrowing banks amid tight liquidity conditions in the system.
The 7.59 per cent government security maturing in 2026 advanced to Rs 107.1550 as compared to Rs 106.9725 previously, while its yield softened to 6.54 per cent from 6.56 per cent.
The 7.61 per cent government security maturing in 2030 firmed up to Rs 108.22 from Rs 108.0550, while its yield inched down to 6.68 per cent from 6.69 per cent.
The 6.97 per cent government security maturing in 2026 rose to Rs 103.95 from Rs 103.77, while its yield edged down 6.42 per cent from 6.44 per cent.

The 7.59 per cent government security maturing in 2029, 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 107.32, Rs 109.85 and Rs 106.75, respectively.
The overnight call money rates ended higher at 6.05 per cent from Wednesday's level of 5.95 per cent. It commenced higher at 6.15 per cent and moved in a range of 6.25 per cent and 5.95 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 27.60 billion in 5-bids at the overnight repo auction at a fixed rate of 6.25 per cent as on today, while it sold securities worth Rs 96.08 billion from 38-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent, as on November 16.