Markets

Bonds rebound, call rates rule steady

Government bonds (G-Secs) rebounded smartly following renewed 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 95.57 from Rs 95.30, while, its yield moved down to 7.83 per cent from 7.88 per cent.

The 6.68 per cent government security maturing in 2031 climbed to Rs 89.35 from Rs 88.95, while, its yield edged down to 7.99 per cent from 8.05 per cent.

The 6.84 per cent government security maturing in 2022 went-up to Rs 96.20 from Rs 96.06, while, its yield eased to 7.85 per cent from 7.89 per cent.

The 7.59 per cent government security maturing in 2026, the 8.20 per cent government security maturing in 2022 and the 7.16 per cent government security maturing in 2023 were also quoted higher to Rs 97.38, Rs 101.10 and Rs 96.80 respectively.

The overnight call money rates ruled steady at its previous level of 5.80 per cent, It resumed higher at 6.00 per cent and moved in a range of 6.00 per cent and 5.70 per cent.

Meanwhile, the Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 36.61 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 771.25 billion in 73-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on June 04. PTI BPD BPD

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