Home Market Bonds recover, call rates turn lower

Bonds recover, call rates turn lower

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Government bonds (G-Secs) recovered following good demand from corporates and banks, while, the overnight call money rates turned lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking sytem.

The 7.17 per cent government security maturing in 2028 rose to Rs 94.85 from Rs 94.55, while, its yield edged down to 7.95 per cent from 7.99 per cent.

The 6.68 per cent government security maturing in 2031 climbed to Rs 88.4250 from Rs 88.00, while, its yield moved down to 8.12 per cent from 8.18 per cent.

The 6.84 per cent government security maturing in 2022 gained to Rs 95.75 from Rs 95.62, while, its yield eased to 7.98 per cent from 8.01 per cent.

The 7.59 per cent government security maturing in 2026, the 7.16 per cent government security maturing in 2023 and the 8.15 per cent government security maturing in 2022 were also quoted higher to Rs 96.80, Rs 96.30 and Rs 100.55 respectively.

The overnight call money rates ended lower to 5.75 per cent from Thursday's level of 6.05 per cent. It resumed steady to 6.05 per cent and moved in a range of 6.15 per cent and 5.75 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 36.30 billion in 8-bids at the 3-days repo operations at a fixed rate of 6.25 per cent as on today, while, its sold securities worth Rs 387.12 billion in 67-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on June 07.

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