Government bond prices recovered on fresh buying support from banks and corporates.
While, the overnight call money rates remained bearish due to absence of demand from borrowing banks amidst tight liquidity conditions in the banking system.
The 8.83 per cent 10-year benchmark bond maturing in 2023 climbed to Rs 100.39 from Rs 99.88, while its yield fell to 8.76 per cent from 8.85 per cent.
The 8.60 per cent government security maturing in 2028 rose to Rs 98.76 from Rs 98.28, while yield declined to 8.75 per cent from 8.82 per cent.
The 8.40 per cent government security maturing in 2024 advanced to Rs 99.05 from Rs 98.5350, while yield moved down to 8.54 per cent against 8.62 per cent.
The 8.12 per cent government security maturing in 2020, the 8.35 per cent government security maturing in 2022, the 8.27 per cent government security maturing in 2020 and 7.80 per cent government security maturing in 2020 were also quoted higher at Rs 97.0375, Rs 97.24, Rs 98.4150 and Rs 95.70, respectively.
The overnight call money rates ended lower at 7.05 per cent from 8.00 yesterday. It moved in a wide range of 8.22 per cent and 6.95 per cent.
Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 193.55 billion in 51-bids at the one day repo auction at a fixed rate of 8.00 per cent, while it sold securities worth Rs 29.40 billion from 17-bids at the 1-day reverse repo auction at a fixed rate of 7.00 per cent, yesterday evening.
