Bonds surge, call rates ends lower

The government bonds (G-Secs) surged further on fresh sustained buying support from banks and corporates while overnight call money rates ended lower due to lack of demand from borrowing banks amid ample liquidity.
The 8.40 per cent 10-year benchmark bond maturing in 2024 rose to Rs 101.61 from Rs 101.43 previously, while its yield slipped to 8.15 per cent from 8.18 per cent.
The 8.60 per cent government security maturing in 2028 climbed to Rs 102.94 from Rs 102.72, while its yield moved down to 8.24 per cent from 8.26 per cent.
The 8.27 per cent government security maturing in 2020 also gained to Rs 100.15 from Rs 100.06, while its yield eased to 8.23 per cent from 8.25 per cent.

The 8.83 per cent government security maturing in 2023, 8.12 per cent government security maturing in 2020 and the 9.20 per cent government security maturing in 2030 were also quoted higher at Rs 103.5975, Rs 99.25 and Rs 108.10, respectively.
The overnight call money rates opened stable at 8.15 per cent as against Monday's closing level of 8.15 per cent. It moved in range of 8.15 per cent and 7.50 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 156.70 billion in 37-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 23.52 billion from 15-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on November 17.