Bonds recovers, call rate ends higher

The government securities (G-Sec) bonds recovered on renewed buying support from banks and corporates and the overnight call money rates also gained at the overnight call money market here today on good demand from borrowing banks amid ample liquidity in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 climbed to Rs 99.9375 from Rs 99.50 previously, while its yield moved-down to 8.84 per cent from 8.90 per cent.
The 8.12 per cent government security maturing in 2020 gained to Rs 94.65 from Rs 94.47, while its yield fell to 9.20 per cent from 9.23 per cent.

The 7.28 per cent government security maturing in 2019 also advanced to Rs 93.04 from Rs 92.86, while yield dipped to 8.97 per cent from 9.01 per cent.
The 8.28 per cent government security maturing in 2027, the 8.24 per cent government security maturing in 2027 and the 7.16 per cent government security maturing in 2023 were also quoted higher at Rs 92.40, Rs 92.21 and Rs 87.25, respectively.
The overnight call money rate ended higher at 7.10 per cent from 7.00 per cent yesterday. It moved in a range of 8.00 per cent and 7.00 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 28.17 billion in 9-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 97.84 billion from 29-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent last evening.