Bonds rise, call rate ends higher

Government securities (G-sec) rose on good buying support from banks corporates and the call money rates ended higher at the overnight call money market here on Tuesday owing to sustained demand from borrowing banks.

The 8.83 per cent government security maturing in 2023 shot up to Rs 100.05 from Rs 99.80 previously, while its yield fell to 8.82 per cent from 8.86 per cent.

The 8.28 per cent government security maturing in 2027 climbed to Rs 92.74 from Rs 94.60, while its yield declined to 9.22 per cent from 9.24 per cent.

The 7.28 per cent government security maturing in 2019 also gained to Rs 93.00 from Rs 92.92, while its yield eased at 8.93 per cent from 8.95 per cent.

The 7.16 per cent government security maturing in 2023, the 8.24 per cent government security maturing in 2027 and the 8.12 per cent government security maturing in 2020 were also quoted up at Rs 87.82, Rs 92.77 and Rs 95.34, respectively.

The overnight call money rate ended higher at 8.85 per cent from 8.75 per cent on Monday. It moved in a range of 9.25 per cent and 8.60 per cent.