Bonds recovers, call rates end higher

Government bonds (G-Secs) recovered on fresh buying support from banks and corporates.
The overnight call money rate ended higher at the money market due to good demand from borrowing banks amid tight liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 climbed to Rs 103.2175 from Rs 102.90 previously, while its yield fell to 7.89 per cent from 7.98 per cent.
The 8.60 per cent government security maturing in 2028 rose to Rs 105.2150 from Rs 104.87, while its yield eased to 7.95 per cent from 7.99 per cent.
The 8.15 per cent government security maturing in 2026 also gained to Rs 101.4625 from Rs 101.17, while its yield moved down to 7.95 per cent from 7.99 per cent.

The 8.27 per cent government security maturing in 2020, 8.83 per cent government security maturing in 2023 and 7.88 per cent government security maturing in 2030 were also quoted higher to Rs 101.53, Rs 105.02 and Rs 99.9850, respectively.
The overnight call money rates ended higher at 7.80 per cent from last Friday's closing level of 6.50 per cent. It moved in a range of 7.85 per cent and 7.10 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 183.37 billion in a 47-bids at the 1-day repo auction at a fixed rate of 7.50 per cent as on today, while it sold securities worth Rs 70.72 billion from 32-bids at the 3-days overnight reverse repo auction at a fixed rate of 6.50 per cent as on May 15.