Bonds firm up, call rates end lower

Government bonds (G-Secs) firmed up on sustained buying from banks and corporates but the interbank call money rates ended lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system.

The 7.59 percent government security maturing in 2026 gained to Rs 109.1350 from Rs 108.2850 previously, while its yield moved down to 6.26 percent from 6.38 percent.

The 7.61 percent government security maturing in 2030 rose to Rs 111.2050 from Rs 110.40, while its yield edged down to 6.36 percent from 6.44 percent.

The 6.97 percent government security maturing in 2026 climbed to 105.70 from Rs 104.99, while its yield softened to 6.18 percent from 6.28 percent.

The 7.59 percent government security maturing in 2029, the 7.68 percent government security maturing in 2023 and the 7.88 percent government security maturing in 2030 were also quoted higher at Rs 110.2850, Rs 108.5175 and Rs 113.00 respectively.

The overnight call money rates ended lower at 5.80 percent from Wednesday's closing level 6.25 percent. It resumed lower at 6.20 percent and moved in a range of 6.25 percent and 5.80 percent.

Meanwhile, the RBI, under the Liquidity Adjustment Facility, purchased securities worth Rs 20.62 billion in a 4-bid at the overnight repo auction at a fixed rate of 6.25 percent as on today, while its sold securities worth Rs 84.86 billion from 37-bids at the overnight reverse repo auction at a fixed rate of 5.75 percent as on November 23.