Bonds rise on good buying, call rate ends lower

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SummaryThe Government securities (G-Sec) rose on good 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 Government securities (G-Sec) rose on good 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 8.33 per cent G-Sec maturing in 2026 surged to Rs 100.3475 from Rs 100.19 Monday, while its yield edged down to 8.28 per cent from 8.30 per cent.

The 8.15 per cent G-Sec maturing in 2022 climbed to Rs 99.73 from Rs 99.5850, while its yield inched down at 8.19 per cent from 8.21 per cent.

The 8.20 per cent G-Sec maturing in 2025 also rose to Rs 99.41 from Rs 99.23, while its yield declined to 8.27 per cent from 8.30 per cent.

The 8.97 per cent G-Sec maturing in 2030, the 8.19 per cent maturing in 2020 and the 8.07 per cent maturing in 2017 also quoted higher at Rs 105.4450, Rs 99.9350 and Rs 99.69 respectively.

The Overnight call money rate closed lower at 8.12 per cent from 8.14 per cent previously. It moved in a range of 8.12 per cent and 7.95 per cent.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,128.50 billion in 46 bids at the one-day repo auction at a fixed rate of 8.00 per cent.

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