Bonds surges, call rates ends lower

The government bonds (G-Secs) surged on fresh buying support from banks and corporates.
While, the overnight call money rate ended lower due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.40 per cent 10-year benchmark bond maturing in 2024 moved-up to Rs 102.86 from Rs 102.83 previously, while its yield held steady at 7.97 per cent.
The 8.60 per cent government security maturing in 2028, climbed to Rs 104.82 from Rs 104.73, while its yield edged- down to 8.01 per cent from 8.02 per cent.
The 8.27 per cent government security maturing in 2020 also rose to Rs 100.97 from Rs 100.96, while its yield held steady at 8.05 per cent.

The 8.83 per cent government security maturing in 2023, the 8.28 per cent government security maturing in 2027 and the 8.15 per cent government security maturing in 2026 were also quoted higher at Rs 104.90, Rs 101.5950 and Rs 101.3750, respectively.
The overnight call money rates ended lower at 7.50 per cent from yesterday's close of 8.00 per cent. It has resumed higher at 8.05 and moved in range of 8.15 per cent and 7.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 48.74 billion in 16-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 26.39 billion from 21-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent as on December 3.