Home Market Govt bonds rebound, call rates finish lower

Govt bonds rebound, call rates finish lower

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Government bonds (G-Secs) rebounded following fresh demand from corporates and banks, while, the overnight call money rates finished 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 gained to Rs 95.2875 from Rs 95.10, while, its yield moved down to 7.88 per cent from 7.91 per cent.

The 6.68 per cent government security maturing in 2031 rose to Rs 88.75 from Rs 88.6550, while, its yield softened to 8.08 per cent from 8.09 per cent.

The 6.84 per cent government security maturing in 2022 went-up to Rs 95.94 from Rs 95.8650, while, its yield eased to 7.94 per cent from 7.96 per cent.

The 7.59 per cent government security maturing in 2026, the 8.15 per cent government security maturing in 2026 and the 7.16 per cent government security maturing in 2023 were also quoted higher to Rs 96.97, Rs 99.99 and Rs 96.60 respectively.

The overnight call money rates ended lower to 6.00 per cent from Monday's level of 6.05 per cent. It resumed higher to 6.25 per cent and moved in a range of 6.25 per cent and 6.00 per cent.

Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 38.41 billion in 5-bids at the overnight repo operations at a fixed rate of 6.25 per cent as on today, while, its sold securities worth Rs 425.44 billion in 66-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on July 02.

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