Bonds rebound, call rates end lower

Government bonds (G-Secs) rebounded on fresh 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 rose to Rs 104.06 from Rs 103.92 previously, while its yield edged-down to 7.77 per cent from 7.79 per cent.
The 8.60 per cent government security maturing in 2028 climbed to Rs 106.52 from Rs 106.39, while its yield inched down to 7.80 per cent from 7.81 per cent.
The 8.15 per cent government security maturing in 2026 rose to Rs 102.78 from Rs 102.63, while its yield moved down to 7.78 per cent from 7.80 per cent.

The 8.27 per cent government security maturing in 2020, the 8.83 per cent government security maturing in 2023 and the 8.12 per cent government security maturing in 2020 were also quoted higher at Rs 102.17, Rs 106.15 and Rs 101.52, respectively.
The overnight call money rates ended lower at 6.75 per cent from Monday's closing level of 7.85 per cent. It resumed lower at 7.75 per cent and moved in a wide range of 7.85 per cent and 6.25 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 192.24 billion in 45-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 31.38 billion from 13-bids at the overnight reverse repo auction at a fixed rate of 6.50 per cent as on April 20.