Bonds end narrowly mixed,call rate recovers sharply

The Government securities (G-Sec) closed narrowly mixed on alternate bouts of buying and selling while call rate recovered sharply at the Overnight call money market today on lack of liquidity in the system amid good demand from borrowing banks.

Written by Agencies | Mumbai | Published:February 27, 2012 8:08 pm

The Government securities (G-Sec) closed narrowly mixed on alternate bouts of buying and selling while call rate recovered sharply at the Overnight call money market today on lack of liquidity in the system amid good demand from borrowing banks.

The 9.15 per cent G-Sec maturing in 2024 recouped to Rs 106.4925 from Rs 106.40 last weekend,while its yield ended a bit lower at 8.31 per cent from 8.32 per cent.

The 8.19 per cent G-Sec maturing in 2020 also improved to Rs 99.41 from Rs 99.38,while its yield eased to 8.29 per cent from 8.30 per cent.

The 7.83 per cent G-Sec maturing in 2018 edged up to Rs 97.6525 from Rs 97.64,while its yield slipped to 8.32 per cent from 8.33 per cent.

The 8.97 per cent G-Sec maturing in 2030 too firmed up to Rs 103.51 from Rs 103.46,while its yield closed unchanged at 8.59 per cent.

The Overnight call money rate moved in a range of 9.00 per cent and 8.75 per cent before concluding sharply higher at 9.00 per cent from 8.40 per cent last weekend. 2-day call rate ended better at 9.00 per cent from last Friday’s close of 8.90 per cent. It moved in a range of 9.00 pct and 8.95 pct.

The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 1,79,400 crore from 66 bids at the one-day repo auction at a fixed rate of 8.50 per cent.

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