Bonds remain high, call rate ends stable

The government bonds (G-Sec) surged further on persistent buying support from banks and corporates, while call rate ended stable at the overnight call money market on alternate bouts of buying and selling.
The 8.83 per cent 10-year benchmark bond maturing in 2023 shot-up to Rs 101.0450 from Rs 100.86, while its yield eased to 8.66 per cent from 8.69 per cent.
The 8.60 per cent government security maturing in 2028 climbed to Rs 100.44 from Rs 100.3025, while its yield eased to 8.50 per cent from 8.56 per cent.
The 8.12 per cent government security maturing in 2020 rose to Rs 97.7250 from Rs 97.37, while its yield moved down to 8.59 per cent from 8.66 per cent.

The 8.35 per cent government security maturing in 2022, the 8.27 per cent government security maturing in 2020 and the 7.28 per cent government security maturing in 2019 were also quoted higher at Rs 98.2450, Rs 99.18 and Rs 95.30, respectively.
The overnight call money rates ended stable at 9.00 per cent. It moved in a range of 9.05 per cent and 8.25 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 221.78 billion in 59-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 5.54 billion from 4-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent last evening.