Bonds rebound, call rates end higher

Government bonds (G-Secs) rebounded on fresh buying from banks and corporates and overnight call money rates also turned higher following renewed demands from borrowing banks amid adequate liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 rose to Rs 100.63 from Rs 100.50 previously, while its yield inched down to 7.50 from 7.51 per cent.
The 8.27 per cent government security maturing in 2020 gained to Rs 102.75 from Rs 102.5550, while its yield eased to 7.49 per cent from 7.54 per cent.
The 7.59 per cent government security maturing in 2029 moved up to Rs 98.85 from Rs 98.73, while its yield edged-down to 7.73 per cent from 7.75 per cent.

The 7.68 per cent government security maturing in 2023, the 7.88 per cent government security maturing in 2030 and the 7.72 per cent government security maturing in 2025 were also quoted higher to Rs 99.92, Rs 100.15 and Rs 99.9350, respectively.
The overnight call money rates finished higher at 6.00 percent from Tuesday's closing level of 5.90 per cent. It resumed higher at 7.30 per cent and moved in a wide range of 7.45 per cent and 5.80 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 66.07 billion in 15-bids at the overnight repo auction at a fixed rate of 6.75 per cent as on today, while it sold securities worth Rs 352.87 billion in 60-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on March 29.