Bonds rise, while call rates remain lower

Government bonds (G-Secs) gained further on sustained buying support from banks and corporates. While, the overnight call money rates extended its downtrend at the money market due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 climbed to Rs 100.5875 from Rs 100.5650 previously, while its yield edged-down to 7.50 per cent from 7.51 per cent.
The 7.59 per cent government security maturing in 2029 rose to Rs 98.95 as against Rs 98.90, while its yield held steady at 7.72 per cent.
The 7.88 per cent government security maturing in 2030 advanced to Rs 100.8550 from Rs 100.8275, while its yield held stable at 7.78 per cent.

The 7.68 percent government security maturing in 2023, the 8.27 percent government security maturing in 2020 and the 7.83 percent government security maturing in 2018 were also quoted higher at Rs 100.49, Rs 103.23 and Rs 101.2375, respectively.
The overnight call money rates ended lower at 6.00 per cent from Thursday's closing level of 6.05 per cent. Its resumed higher at 6.25 and moved in a range of 6.25 per cent and 6.00 per cent.
However, the 3-day call money rates finished at 6.35 per cent before opening at 6.55 per cent and moved in a range of 6.60 and 6.20 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 30.20 billion in 6-bids at the 3-day repo auction at a fixed rate of 6.50 per cent as on today, while its sold securities worth Rs 59.04 billion from 28-bids at the 1-day overnight reverse repo auction at a fixed rate of 6.00 per cent as on June 16.