Bonds recover, call rate ends lower

Government securities (G-Sec) bonds recovered on renewed buying support from banks and corporates while, the overnight call money rates ended lower due to lack of demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 climbed to Rs 100.1150 from Rs 99.75 previously, while its yield declined to 8.81 per cent from 8.87 per cent.
The 8.28 per cent government security maturing in 2027 shot-up to Rs 92.45 from Rs 92.14, while its yield moved-down to 9.27 per cent from 9.31 per cent.
The 8.12 per cent government security maturing in 2020 also gained to Rs 93.09 from Rs 92.82, while its yield fell to 9.15 per cent from 9.20 per cent.

The 7.28 per cent government security maturing in 2019, the 8.24 per cent government security maturing in 2027 and the 8.33 per cent government security maturing in 2026, were also quoted up at Rs 93.09, Rs 92.33 and Rs 93.28, respectively.
The overnight call money rate ended lower at 8.85 percent from 9.10 per cent yesterday, it moved in a range of 9.00 per cent and 8.85 per cent while, the 3-days call money ended higher at 8.80 per cent from 8.75 last Friday. It moved in a range of 9.10 per cent 8.60 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 407.02 billion in 63-bids at the 3-days repo auction at a fixed rate of 8.00 per cent as on today morning, while sold securities worth Rs 4.55 billion from 3-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on last evening.