Bonds remain bullish, call rate slips further

Government securities (G-Sec) rose on sustained buying support from banks and corporates, while the overnight call money market rate slipped further due to lack of demand from banks.
The 8.83 per cent government security maturing in 2023 advanced to Rs 98.89 from Rs 98.6975, while its yield fell to 9.00 per cent from 9.03 per cent.
The 8.12 per cent government security maturing in 2020 climbed to Rs 94.78 from Rs 94.58, while its yield moved-down to 9.18 per cent from 9.18 per cent.
The 8.28 per cent government security maturing in 2027 also shot-up to Rs 91.97 from Rs 91.8050, while its yield eased to 9.34 per cent from 9.36 per cent.

The 7.28 per cent government security maturing in 2019, the 8.35 per cent government security maturing in 2022 and the 7.16 per cent government security maturing in 2023 were also quoted higher at Rs 93.0050, Rs 95.2725 and Rs 87.08, respectively.
The overnight call money rate ended lower at 7.01 per cent from 8.15 per cent yesterday and it moved in a range of 8.25 per cent and 7.00 per cent.
The Reserve Bank of India, under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 174.53 billion in 41-bids at the 1-day repo auction at a fixed rate of 8.00 per cent today morning, while it sold securities worth Rs 17 billion from 17-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.