Bonds rise on fresh buying, call rate ends steady

The Government securities (G-Sec) rose on good buying support from banks and corporates, while the call money rates ended steady at the overnight call money market here on Thursday as demand from borrowing banks matched supplies.

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 99.9450 from Rs 99.81 yesterday, while its yield moved down to 8.12 per cent from 8.14 per cent.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 100.5950 from Rs 100.4650, while its yield inched down to 8.26 per cent from 8.27 per cent.

The 8.20 per cent G-Sec maturing in 2025 also gained to Rs 99.60 from Rs 99.47, while its yield went down to 8.24 per cent from 8.27 per cent.

The 8.83 per cent G-Sec maturing in 2041, the 8.19 per cent maturing in 2020 and the 8.97 per cent maturing in 2030 also quoted higher at Rs 104.70, Rs 100.00 and Rs 105.8750, respectively.

The Overnight call money rate finished stable at 8.10 per cent. It moved in a range of 8.10 per cent and 7.70 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 811.55 billion in 27 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.05 billion in 1-bid at the one-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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