Bonds, call rates rebound

Government bonds (G-Secs) rebounded on renewed buying support from banks, corporates and the overnight call money rates turned higher at the money market owing to good demand from borrowing banks amid tight liquidity in the banking system.
The 7.88 percent government security maturing in 2030 gained to Rs 100.91 from Rs 100.87 previously, while its yield held stable at 7.77 per cent,.
The 7.59 per cent government security maturing in 2026 edged up to Rs 100.69 from Rs 100.6850, while its yield ruled steady to 7.49 per cent.
The 7.59 per cent government security maturing in 2029 rose to Rs 99.1075 from Rs 99.05, while its yield softened to 7.70 per cent from 7.71 per cent

The 7.68 per cent government security maturing in 2023, the 7.72 per cent government security maturing in 2025 and the 8.27 per cent government security maturing in 2020 were also quoted higher to Rs 100.4375, Rs 100.38 and Rs 103.1450, respectively.
The overnight call money rates ended higher at 6.20 per cent from Wednesday's level of 6.03 per cent. It commenced higher at 6.45 per cent and moved in a range of 6.45 per cent and 6.05 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 27.03 billion in 5-bids at the overnight repo operation at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 112.59 billion from 39-bids at the reverse repo operation at a fixed rate of 6.00 per cent as on June 01.