Bonds strengthen, call rates turn higher

Government bonds (G-Secs) strengthened on sustained buying support from banks and corporates and the overnight call money rates also ended higher following good demand from borrowing banks amid adequate liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 firmed up to Rs 105.6750 from Rs 105.63 previously, while its yield held stable to 6.75 per cent.
The 6.97 per cent government security maturing in 2026 rose to Rs 102.2150 from Rs 102.15, while its yield softened to 6.66 per cent from 6.67 per cent.
The 7.61 per cent government security maturing in 2030 climbed to Rs 106.4175 from Rs 106.1125, while its yield edged down to 6.87 per cent from 6.91 per cent.

The 7.59 per cent government security maturing in 2029, the 7.68 per cent government security maturing in 2023 and the 7.88 per cent government security maturing in 2030 also quoted higher at Rs 105.68, Rs 105.50 and Rs 108.1050, respectively.
The overnight call money rates turned higher at 6.25 per cent from Wednesday's level of 6.20 per cent. It resumed higher at 6.30 per cent and moved in a range of 6.45 per cent and 6.20 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 151.59 billion in 31-bids at the overnight repo auction at a fixed rate of 6.25 per cent as on today, while it sold securities worth Rs 79.97 billion from 34-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on November 9.