Bond firms up further, call rate end recovers

The government securities (G-Sec) firmed up further on sustained buying support from banks and corporates, while the overnight call money rates recovered on fresh demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 hardened further to Rs 100.5950 from Rs 100.13, while its yield moved down to 8.79 per cent from 8.81 per cent.
The 8.28 per cent government security maturing in 2027 shot up to Rs 94.1950 from Rs 93.70, while its yield declined to 9.03 per cent from 9.10 per cent.
The 8.35 per cent government security maturing in 2022 also strengthened to Rs 97.0450 from Rs 96.79, while its yield slipped to 8.87 per cent from 8.92 per cent.

The 8.24 per cent government security maturing in 2027, the 7.28 per cent government security maturing in 2019 and the 8.12 per cent government security maturing in 2020 were also quoted higher at Rs 93.97, Rs 94.08 and Rs 96.2950, respectively.
The overnight call money rate finished slightly higher at 7.05 per cent from 7.00 per cent previously and it moved in a range of 8.35 per cent and 7.05 per cent.
The Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 160.50 billion in 43-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, and sold securities worth Rs 116.20 billion from 31-bids at the 3-days reverse repo auction at a fixed rate of 7.00 per cent as on evening of May 2.