Government bonds rise on good buying, call rate ends steady

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SummaryThe government securities (G-Sec) rose on good buying support from banks and corporates.

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

The 8.15 per cent G-Sec maturing in 2022 surged to Rs 99.64 from Rs 99.4675 last Friday, while its yield moved down to 8.20 per cent from 8.23 per cent.

The 8.33 per cent G-Sec maturing in 2026 climbed to Rs 99.9725 from Rs 99.88, while its yield inched down at 8.33 per cent from 8.34 per cent.

The 8.20 per cent G-Sec maturing in 2025 also shot up to Rs 98.94 from Rs 98.83, while its yield declined to 8.33 per cent from 8.35 per cent.

The 8.19 per cent G-Sec maturing in 2020, the 8.83 per cent maturing in 2041 and the 8.97 per cent maturing in 2030 also quoted higher at Rs 99.85, Rs 103.65 and Rs 104.96 respectively.

The Overnight call money rate finished steady at 8.10 per cent from its last Thursday's close. 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 1,107.10 billion in 41 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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