Bonds recover; call rates down

Government bond (G-Secs) prices recovered on fresh buying support from banks and corporates.
However, interbank call rates moved down owing to lack of demand from borrowing banks on the back of ample liquidity in the banking system.
The 7.72 per cent government security maturing in 2025 firmed up to Rs 100.32 from Rs 100.2650 previously, while its yield moved down to 7.67 per cent from 7.68 per cent.
The 7.88 per cent government security maturing in 2030 rose to Rs 100.3250 compared to Rs 100.3050, while its yield held steady to 7.84 per cent.
The 7.68 per cent government security maturing in 2023 spiked to Rs 99.9850 against Rs 99.90, while its yield edged down to 7.68 per cent from 7.70 per cent.

The 8.27 per cent government security maturing in 2020, the 7.59 per cent government security maturing in 2029 and the 8.40 per cent government security maturing in 2024 also

quoted higher to Rs 102.0150, Rs 99.52 and Rs 103.4325 respectively.
The overnight borrowing rates finished lower at 5.77 per cent from Wednesday's closing level of 6.65 per cent. It resumed higher to 7.10 per cent and fluctuated between a high of 7.40 per cent and a low of 5.75 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), sold securities worth Rs 42.79 billion in 22-bids at overnight reverse repo auction at a fixed rate of 5.75 per cent yesterday evening.