Bonds surge, call rates maintain steady
Government bonds (G-Secs) surged further on rising buying support from banks and corporates.
While, Interbank call money rates maintained its stable trend for the third day as the demand from borrowing banks match supplies.
The 6.79 per cent 10-year benchmark bond maturing in 2027 gained to Rs 101.49 from Rs 101.3875 yesterday, while its yield edged down to 6.58 per cent from 6.59 per cent.
The 6.79 per cent government security maturing in 2029 rose to Rs 99.34 from Rs 99.15 previously, while its yield declined to 6.87 per cent from 6.89 per cent.
The 7.35 per cent government security maturing in 2024 climbed to Rs 102.97 from Rs 102.93 previously, while its yield softened to 6.79 per cent from 6.80 per cent.
The 8.28 per cent government security maturing in 2027, the 7.68 per cent government security maturing in 2023 and the 7.72 per cent government security maturing in 2025 were quoted higher to Rs 109.0475, Rs 104.86 and Rs 104.98 respectively.
The overnight call money rates held stable at its yesterday's close level of 5.95 per cent, It resumed higher to 6.05 per cent and moved in a range of 6.05 per cent and 5.75 per cent.
Meanwhile, Reserve Bank of India, under the Liquidity Adjustment Facility, purchased securities worth Rs 24.75 billion in 6-bids at the overnight repo operation at a fixed rate of 6.00 per cent as on today, while its sold securities worth Rs 20.62 billion in 26-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on September 19.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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