Mumbai, July 04 (PTI) Government bonds (G-Secs) surged following rising demand from corporates and banks. The overnight call money rates also turned higher due to good demand from borrowing banks amid tight liquidity in the banking system.
The 7.17 per cent 10-year benchmark bond maturing in 2028 went-up to Rs 95.49 from Rs 95.2875, while its yield moved down to 7.85 per cent from 7.88 per cent.
The 6.68 per cent government security maturing in 2031 gained to Rs 89.02 from Rs 88.75, while its yield edged down to 8.04 per cent from 8.08 per cent.
The 6.84 per cent government security maturing in 2022 firmed up to Rs 96.00 from Rs 95.94, while its yield eased to 7.92 per cent from 7.94 per cent.
The 7.59 per cent government security maturing in 2026, the 7.35 per cent government security maturing in 2024 and the 8.79 per cent government security maturing in 2021 were also quoted higher at Rs 97.07, Rs 96.65 and Rs 102.75 respectively.
The overnight call money rates ended higher at 6.05 per cent from Tuesday's level of 6.00 per cent. It resumed higher at 6.25 per cent and moved in a range of 6.25 per cent and 5.95 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 38.97 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 452.91 billion in 71-bids at the overnight reverse repo auction at a fixed rate of 6.00 per cent as on July 03.