Bonds firm up on sustained demand, call rate ends recover

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PTI: Mumbai, Dec 31 2012, 20:05 IST

The Government securities (G-Sec) rose further on sustained buying support from banks and corporates, while the call money rates recovered at the overnight call money market here today due to fresh demand from borrowing banks.

The 8.15 per cent G-Sec maturing in 2022 shot up further to Rs 100.6450 from last Friday's level of Rs 100.28, while its yield declined to 8.05 per cent from 8.11 per cent.

The 8.33 per cent G-Sec maturing in 2026 surged to Rs 101.3750 from Rs 101.07, while its yield slipped to 8.16 per cent from 8.20 per cent.

The 8.20 per cent G-Sec maturing in 2025 also hardened to Rs 100.3975 from Rs 100.09, while its yield moved down to 8.15 per cent from 8.19 per cent.

The 8.97 per cent G-Sec maturing in 2030, the 8.07 per cent maturing in 2017 and the 8.19 per cent maturing in 2020 also quoted higher at Rs 106.6725, Rs 100.1650 and Rs 100.46 respectively.

The Overnight call money rate finished higher at 9.00 per cent from last Friday's close of 7.90 per cent. It moved in a wide range of 10.00 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,565.45 billion in 49 bids at the one-day repo auction at a fixed rate of 8.00 per cent, while sold securities worth Rs 0.50 billion in one-bid at the 1-day reverse repo auction at a fixed rate of 7 per cent in the evening auction.

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