Bonds firm up on sustained demand, call rate ends lower


The Government securities (G-Sec) firmed up on sustained demand from banks and corporates, while the call money rates ended lower at the overnight call money market here today due to lack of demand from borrowing banks.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 100.7475 from Rs 100.5950 yesterday, while its yield moved down to 8.24 per cent from 8.26 per cent.

The 8.20 per cent G-Sec maturing in 2025 surged to Rs 99.7525 from Rs 99.60, while its yield edged down to 8.23 per cent from 8.24 per cent.

The 8.15 per cent G-Sec maturing in 2022 also gained to Rs 100.0475 from Rs 99.9450, while its yield went down to 8.14 per cent from 8.16 per cent.

The 8.07 per cent G-Sec maturing in 2017, the 8.19 per cent maturing in 2020 and the 8.83 per cent maturing in 2041 also quoted higher at Rs 99.98, Rs 100.05 and Rs 104.81, respectively.

The Overnight call money rate finished lower at 8.05 per cent from yesterday's close of 8.10 per cent., While the three-day call money rate ended higher at 8.05 per cent from 8.00 per cent last Friday. It moved in a range of 8.10 per cent and 7.55 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 644.45 billion in 34 bids at the three-days repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 5.00 billion in 4-bid at the 3-days reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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