Bonds recover, call rates remain lower

Government bonds (G-Secs) recovered smartly on fresh demand from corporates and retail investors, while call money rates remained lower owing to lack of demand from borrowing banks amid adequate liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 climbed to Rs 100.8650 compared to Rs 100.8050 previously, while its yield softened to 7.46 per cent from 7.47 per cent.
The 7.88 per cent government security maturing in 2030 rose to Rs 100.9375 from Rs 100.91, while its yield ended stable at 7.77 per cent.
The 7.59 per cent government security maturing in 2029 rose to Rs 99.4350 from Rs 99.3775, while its yield moved down at 7.66 per cent from 7.67 per cent.

The 7.72 percent government security maturing in 2025, the 8.27 percent government security maturing in 2020 and the 7.68 percent government security maturing in 2023 also quoted higher at Rs 100.4775, Rs 103.02 and Rs 100.45, respectively.
The overnight call money rates ended lower at 6.15 per cent from Tuesday's level of 6.20 per cent. It opened higher at 6.60 per cent and moved in a range of 6.70 and 6.10 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF),purchased securities worth Rs 78.44 billion in 8-bids at the one-day repo auction at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 56.80 billion from 30-bids at the one-day reverse repo auction at a fixed rate of 6.00 per cent as on April 26.