Bonds recover, call rates ends higher

The government securities (G-Sec) recovered on renewed buying support from banks corporates and the call money rates ended higher at the overnight call money market here today owing to good demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 shot-up to Rs 99.80 from Rs 99.15 previously, while its yield fell to 8.86 per cent from 8.96 per cent.
The 7.28 per cent government security maturing in 2019 climbed to Rs 92.92 from Rs 92.5350, while its yield declined at 8.95 per cent from 9.05 per cent.
The 8.28 per cent government security maturing in 2027 also surged to Rs 92.60 from Rs 94.0450, while its yield declined to 9.243 per cent from 9.32 per cent.

The 8.12 per cent government security maturing in 2020, the 7.16 per cent government security maturing in 2023 and the 8.24 per cent government security maturing in 2027 were also quoted up at Rs 95.20, Rs 87.7375 and Rs 92.48, respectively.
The overnight call money rate ended higher at 8.75 per cent from 8.20 per cent last Friday.It moved in a range of 8.80 per cent and 8.60 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 411.68 billion in 60-bids at the one-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 0.17 billion from 2-bids at the one-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.