Government bonds (G-Secs) recovered following fresh demand from corporates and banks, and the overnight call money rates also turned higher due to good demand from borrowing banks amid tight liquidity in the banking system.The 7.59 per cent 10-year benchmark bond maturing in 2026 rose to Rs 104.75 from Rs 103.91, while its yield went down to 6.86 per cent from 6.98 per cent.The 6.97 per cent government security maturing in 2026 gained to Rs 101.80 from Rs 100.96, while its yield softened to 6.71 per cent from 6.83 per cent.The 7.61 per cent government security maturing in 2030 climbed to Rs 104.17 from Rs 103.34, while its yield fell to 7.11 per cent from 7.21 per cent.The 7.68 per cent government security maturing in 2023, the 6.79 per cent government security maturing in 2029 and the 8.27 per cent government security maturing in 2020 were also quoted higher to Rs 104.41, Rs 98.10 and Rs 104.95 respectively.The overnight call money rates finished higher at 5.95 per cent from last Friday's level of 5.80 per cent. It resumed at 6.10 per cent and moved in a range of 6.15 per cent and 5.85 per cent.Meanwhile, Reserve Bank of India , under the Liquidity Adjustment Facility, purchased securities worth Rs 14.55 billion in 2-bids at the 2-day repo operations at a fixed rate of 6.25 per cent as on March 27, while it sold securities worth Rs 12.74 billion in 7-bids at the overnight reverse repo auction at a fixed rate of 5.75 per cent as on March 26.

Source: Economic Times March 27, 2017 13:18 UTC