Bonds rise, call rate ends lower

The government securities (G-Sec) bonds rose on buying support from banks and corporates while, the overnight call money rates ended lower at the overnight call money market here today due to subdued demand from borrowing banks.
The 8.83 per cent 10-year benchmark bond maturing in 2023 climbed to Rs 99.77 from Rs 99.4250 yesterday, while its yield fell to 8.86 per cent from 8.92 per cent.
The 8.12 per cent government security maturing in 2020 climbed to Rs 94.60 from Rs 94.2825, while yield declined to 9.21 per cent from 9.27 per cent.
The 7.28 per cent government security maturing in 2019 also surged to Rs 93.02 from Rs 92.70, while yield fell to 8.97 per cent from 9.05 per cent.

The 8.28 per cent government security maturing in 2027, the 8.24 per cent government security maturing in 2027 and the 7.40 per cent government security maturing in 2035 also ended higher at Rs 92.33, Rs 92.18 and Rs 82.77, respectively.
The overnight call money rate ended lower at 6.95 per cent from 7.95 per cent yesterday after moving in a narrow range of 8.10 per cent and 6.95 per cent earlier. While, the 3-days call money also finished lower at 7.25 per cent as compared to 8.25 last Friday. It moved in a range of 8.15 per cent 7.50 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 221.59 billion in 33-bids at the 3-days repo auction at a fixed rate of 8.00 per cent today morning, while sold securities worth Rs 30.75 billion from 8-bids at the 2-days reverse repo auction at a fixed rate of 7.00 per cent last evening.