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Bonds rebound, call rates ends lower

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Press Trust of India Mumbai
Government bonds (G-Secs) rebounded on good buying support from banks and corporates.

While, the overnight call money rates ended lower at the money market due to lack of demand from borrowing banks amid ample liquidity in the banking system.

The 7.59 percent government security maturing in 2026 rose to Rs 101.1250 from Rs 101.09 previously, while its yield softened at 7.42 per cent from 7.43 per cent.

The 7.88 per cent government security maturing in 2030 climbed to Rs 101.24 from Rs 101.1825, while its yield edged- down to 7.73 per cent from 7.74 per cent.

The 8.27 per cent government security maturing in 2020 gained to Rs 103.28 from Rs 103.2250, while its yield moved down to 7.32 per cent from 7.34 per cent
 

The 7.68 per cent government security maturing in 2023, the 7.59 per cent government security maturing in 2029 and the 7.72 per cent government security maturing in 2025 were also quoted higher to Rs 100.66, Rs 99.71 and Rs 100.75, respectively.

The overnight call money rates ended lower at 6.55 from Wednesday's level of 6.80 per cent. It resumed lower at 6.60 and moved in a range of 6.80 and 6.45 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 203.52 billion in 44-bids, for 1-day at the overnight repo operation at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 10.45 billion from 20-bids for 1-day reverse repo operation at a fixed rate of 6.00 per cent as on May 11.

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First Published: May 12 2016 | 6:29 PM IST

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