Bonds surge, call rates end stable

Government bonds (G-Secs) prices surged on sustained buying from banks and corporates.
However, Interbank call money rate ended stable owing to alternate bouts of buying and selling.
The 7.72 per cent government security maturing in 2025 gained to Rs 100.8575 from Rs 100.77 previously, while its yield edged down to 7.59 per cent from 7.60 per cent.
The 7.88 per cent government security maturing in 2030 rose to Rs 100.9850 from Rs 100.8025, while its yield moved down to 7.76 per cent from 7.78 per cent.
The 7.68 per cent government security maturing in 2023 climbed to Rs 100.2775 from Rs 100.21, while its yield edged down to 7.63 per cent from 7.64 per cent.

The 8.27 per cent government security maturing in 2020, the 8.30 per cent government security maturing in 2042 and the 8.40 per cent government security maturing in 2024 were also quoted higher to Rs 102.35, Rs 104.72 and Rs 103.9250, respectively.
The overnight call money rates ended stable at 5.80 per cent. It resumed higher at 6.85 per cent and moved in a wide range of 7.00 per cent and 5.80 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 140.80 billion in a 31-bids at the overnight repo auction at a fixed rate of 6.75 per cent as on today, while it sold securities worth Rs 81.36 billion from 30-bids at the 1-day reverse repo auction at a fixed rate of 5.75 per cent as on October 27.