Government bonds (G-Secs) advanced following heavy demand from corporates and banks, but the interbank call money rates turned cheaper due to subdued demand from borrowing banks amid ample liquidity in the banking system.
The 7.59 per cent government security maturing in 2026 rose to Rs 102.22 as compared to Rs 102.16 previously, while its yield inched down to 7.26 per cent from 7.27 per cent.
The 7.59 per cent government security maturing in 2029 gained to Rs 101.57 from Rs 101.3825 previously, while its yield edged down to 7.40 per cent from 7.42 per cent.
The 7.88 per cent government security maturing in 2030 moved up to Rs 104.1525 from Rs 103.9650 previously, while, its yield softened to 7.39 per cent from 7.41 per cent.
The 7.61 per cent government security maturing in 2030, the 7.68 per cent government security maturing in 2023 and the 7.72 per cent government security maturing in 2025 were also quoted higher at Rs 102.3250, Rs 102.5050 and Rs 102.43 respectively.
The overnight call money rates finished lower at 6.10 per cent from Wednesday's close 6.45 per cent. It resumed higher at 6.70 per cent and moved in a range of 6.70 per cent and 6.00 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 61.54 billion in 12-bids at the overnight repo auction at a fixed rate of 6.50 per cent as on today, while its sold securities worth Rs 42.49 billion from 20-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on July 20.
