Bonds recover, call rates ends lower

The government securities (G-Sec) recovered on fresh buying support from banks and corporates, while, the call money rates finished lower at the overnight call money market here today due to lack of demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 climbed to Rs 100.24 from Rs 100.1675 previously, while its yield softened to 8.79 per cent from 8.80 per cent.
The 8.28 per cent government security maturing in 2027 shot-up to Rs 93.50 from Rs 93.04, while its yield fell eased to 9.12 per cent from 9.18 per cent.
The 8.24 per cent government security maturing in 2027 also gained to Rs 93.22 from Rs 92.71, while its yield dipped to 9.14 per cent from 9.21 per cent.

The 7.28 per cent government security maturing in 2019, the 8.12 per cent government security maturing in 2027 and the 7.16 per cent government security maturing in 2023 were also quoted up to Rs 93.24, Rs 95.49 and Rs 88.13, respectively.
The overnight call money rate ended lower at 8.30 per cent from 8.75 per cent previously. It moved in a range of 8.80 per cent and 7.75 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 403.95 billion in 59-bids at the One-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 0.29 billion from 2-bids at the One-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.