Bonds recovers, call rates slip

Government bonds (G-Secs) recovered on fresh buying support from banks and corporates.
While, the overnight call money rate slipped at the money market due to lack of demand from borrowing banks amid ample liquidity in the banking system.
The 8.40 per cent government security maturing in 2024 rose to Rs 104.4450 from Rs 104.20 previously, while its yield eased to 7.72 per cent from 7.76 per cent.
The 8.60 per cent government security maturing in 2028 climbed to Rs 107.04 from Rs 106.72, while its yield moved down to 7.74 per cent from 7.78 per cent.
The 8.15 per cent government security maturing in 2026 gained to Rs 103.71 from Rs 103.43, while its yield fell to 7.66 per cent from 7.70 per cent.

The 8.27 per cent government security maturing in 2020, the 8.28 per cent government security maturing in 2027 and the 8.83 per cent government security maturing in 2023 were also quoted higher at Rs 102.0125, Rs 103.6350 and Rs 106.23 respectively.
The overnight call money rates ended cheaper at 6.85 per cent from Wednesday's closing level of 7.20 per cent. It opened higher at 7.60 and moved in a range of 7.70 per cent and 6.75 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 173.28 billion in 45-bids at the 1-day repo auction at a fixed rate of 7.50 per cent today, while it sold securities worth Rs 29.67 billion from 16-bids at the 1-day reverse repo auction at a fixed rate of 6.50 per cent as on March 11.