Government bonds firm up on sustained buying, call rate ends lower


The Government securities (G-Sec) firmed up further on sustained buying support from banks and corporates, while call money rates ended lower at overnight call money market due to lack of demand from borrowing banks. The 8.15 per cent G-Sec maturing in 2022 hardened to Rs 99.7325 from Rs 99.64 yesterday, while its yield softened to 8.19 per cent from 8.20 per cent.

The 8.20 per cent G-Sec maturing in 2025 climbed to Rs 99.0425 from Rs 98.94, while its yield inched down at 8.32 per cent from 8.33 per cent.

The 8.33 per cent G-Sec maturing in 2026 also rose to Rs 100.14 from Rs 99.9725, while its yield eased to 8.31 per cent from 8.33 per cent. The 8.19 per cent G-Sec maturing in 2020, the 8.97 per cent maturing in 2030 and the 8.83 per cent maturing in 2041 were also quoted higher at Rs 99.8975, Rs 105.03 and Rs 103.7875, respectively.

The Overnight call money rate ended lower at 7.95 per cent from 8.10 per cent yesterday. It moved in a range of 8.15 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,064.55 billion in 37 bids at the two-days repo auction at a fixed rate of 8.00 per cent.

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