Government bonds end mixed; call rate recovers owing to good demand

MUMBAI: Government bonds (G-Sec) ended mixed on alternate bouts of buying and selling, while the call money finished higher at the money market here today due to good demand from borrowing banks.

The 8.40 per cent government security maturing in 2024 rose to Rs 104.6300 from Rs 104.6250 previously while its yield held steady at 7.70 per cent.

The 8.60 per cent government security maturing in 2028 edged up to Rs 107.1375 from Rs 107.12, while its yield held stable at 7.73 per cent.

The 8.15 per cent government security maturing in 2026 also gain to Rs 103.9100 from Rs 103.90, while its yield held steady to 7.64 per cent.

The 8.28 per cent government security maturing in 2027 moved up to Rs 104.0050 from Rs 104.00, while its yield inched down to Rs 7.77 per cent from Rs 7.78 per cent.

However, the 8.27 per cent government security maturing in 2020 and the 8.83 per cent government security maturing in 2026 were quoted lower at Rs 102.5800 and Rs 106.6700 from Rs 102.67 and Rs 106.69 respectively.

The overnight call money rates ended higher at 7.80 per cent from previous closing level to 7.75 per cent, it moved in a range of 8.15 per cent and 7.77 per cent

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 214.54 billion in 54-bids at the 1-day repo auction at a fixed rate of 7.75 per cent today morning, while its sold securities worth Rs 26.17 billion from 17-bids at 4-days reverse repo auction at a fixed rate of 6.75 per cent, as on Jan 23.