Bonds recover, call rates stay lower

Bonds recover, call rates stay lower

Bonds recover, call rates stay lower

Government bonds (G-Secs) recovered following fresh demand from corporates and banks, while the overnight call money rates maintained lower due to lack of demand from borrowing banks amid comfortable liquidity situation in the banking system.

The 6.79% 10-year benchmark bond maturing in 2027 were climbed to Rs 96.43 from Rs 96.02 previously, while, its yield moved down to 7.32% from 7.38%. The 6.68% government security maturing in 2031 were gained to Rs 93.59 from Rs 93.38 previously, while its yield eased to 7.43% from 7.46%.

The 6.84% government security maturing in 2022 were went-up to Rs 98.62 from Rs 98.50 previously, while its yield edged down to 7.17% from 7.20%. The 7.16% government security maturing in 2023, the 7.72% government security maturing in 2025 and the 7.61% government security maturing in 2030 were also quoted higher to Rs 99.75, Rs 102.1950 and Rs 100.05, respectively. The overnight call money rates finished slightly lower at 5.78% from Wednesday's level 5.80%.

It resumed higher at 5.95% and moving in a range of 6.00% and 5.75%.Meanwhile, the RBI, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 3,315 crore in 6-bids at the overnight repo auction at a fixed rate of 6% as on Wednesday, its sold securities worth Rs 41,215 crore from 81-bids.

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