The government bonds (G-Sec) surged further on sustained demand from banks and corporate, while the call rates remained higher due to good demand from borrowing banks amidst lack of liquidity in the banking system.
The 8.60 per cent government security maturing in 2028 rose to Rs 101.72 from Rs 100.40 previously, while its yield declined to 8.38 per cent from 8.42 per cent.
The 8.40 per cent government security maturing in 2024 climbed to Rs 100.7125 from Rs 100.52, while its yield eased to 8.29 per cent from 8.32 per cent.
The 8.83 per cent government security maturing in 2023 also advanced to Rs 102.4850 from Rs 102.30, while its yield moved down to 8.43 per cent from 8.46 per cent.
The 8.27 per cent government security maturing in 2020, The 7.28 per cent government security maturing in 2019 and the 8.28 per cent government security maturing in 2027 also moved up to Rs 99.6750, Rs 96.1550 and Rs 98.82, respectively.
The overnight call money rates opened higher at 8.10 per cent and moved in a range of 8.30 per cent and 7.60 per cent before settling at 8.15 per cent from yesterday's close of 8.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 102.98 billion in 22-bids at the one-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 23.09 billion from 23-bids at the 1-day reverse repo auction held yesterday evening at a fixed rate of 7.00 per cent.
