Bonds remain up, call rates ends higher

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SummaryThe Government securities surged on sustained buying from banks and corporates, while the call money rates also ended higher at the overnight call money market here today due to good demand from borrowing banks.

The Government securities (G-Sec) surged on sustained buying from banks and corporates, while the call money rates also ended higher at the overnight call money market here today due to good demand from borrowing banks.

The 8.20 per cent G-Sec maturing in 2025 shot up to Rs 101.6525 from Rs 101.5150 yesterday, while its yield edged down to 7.99 per cent from 8.01 per cent.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 102.7550 from Rs 102.5725, while its yield inched down to 7.99 per cent from 8.01 per cent.

The 8.15 per cent G-Sec maturing in 2022 also rose to Rs 101.5650 from Rs 101.46, while its yield softened to 7.91 per cent from 7.92 per cent.

The 8.07 per cent G-Sec maturing in 2017, the 8.12 per cent maturing in 2020 and the 8.97 per cent maturing in 2030 also quoted higher at Rs 100.6025, Rs 101.2650 and Rs 108.02 respectively.

The Overnight call money rate finished higher at 7.90 per cent from yesterday close of 7.80 per cent. It moved in a range of 8.25 per cent and 7.65 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 576.15 billion in 24 bids at the 1-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 15.00 billion in two-bids at the 1-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.

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