Bonds recover, call rates rule steady

Government bonds (G-Secs) recovered smartly following fresh demand from corporates and banks. While, Interbank call money rates ruled steady as demand from borrowing banks match supplies. 

The 7.17 per cent government security maturing in 2028 gained to Rs 95.1050 from Rs 95.0975, while, its yield held stable to 7.90 per cent. 

The 6.68 per cent government security maturing in 2031 rose to Rs 88.45 from Rs 88.38, while, its yield inched down to 8.11 per cent from 8.12 per cent 

The 6.84 per cent government security maturing in 2022 climbed to Rs 96.00 from Rs 95.95, while, its yield edged down to 7.89 per cent from 7.91 per cent. 

The 6.79 per cent government security maturing in 2027 and the 8.15 per cent government security maturing in 2022 were also quoted higher to Rs 92.45 and Rs 100.8675 respectively. 

However, the 8.20 per cent government security maturing in 2022 went-down to Rs 100.97 from Rs 100.9975, while its yield inched up to 7.89 per cent from 7.88 per cent. 

The overnight call money rates ruled steady at its previous level of 5.80 per cent, It resumed higher at 6.05 per cent and moved in a range of 6.05 per cent and 5.75 per cent. 

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 44.53 billion in 6-bids at the overnight repo opertion at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 96.22 billion in 42-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on May 15