Bonds recovers, call rates ends higher

Government bonds (G-Secs) recovered on fresh buying support from banks and corporates.
The overnight call money rate ended higher due to good demand from borrowing banks.
The 8.40 per cent 10-year benchmark bond maturing in 2024 climbed to Rs 101.45 from Rs 101.24, while its yield slipped to 8.18 per cent from 8.21 per cent previously.
The 8.60 per cent government security maturing in 2028 shot-up to Rs 102.84 from Rs 102.5350, while its yield eased to 8.25 per cent from 8.28 per cent.
The 8.83 per cent government security maturing in 2023 moved up to Rs 103.4650 from Rs 103.29, while its yield fell to 8.28 per cent from 8.30 per cent.

The 8.27 per cent government security maturing in 2020, 8.28 per cent government security maturing in 2027 and the 8.12 per cent government security maturing in 2020 were also quoted higher at Rs 100.1500, Rs 100.0075 and Rs 99.2975 respectively.
The overnight call money rates ended higher at 7.80 per cent from last Friday's closing level of 7.50 per cent. It moved in range of 8.20 per cent and 7.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 68.99 billion in 15-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 11.68 billion from 13-bids at the 3-days reverse repo auction at a fixed rate of 7.00 per cent as on November 7.