Weekly Market Movement :
- The benchmark 10-year 7.18% Gsec yield rose by 4bps to 7.09% (weekly basis).
- INRBonds retail high-yield index declined by 4bps to 9.5855% (weekly basis).
- Domestic Inflation reported at 5.1% vs 5.69% in December 2023.
- 3M and 6M are being offered at an elevated levels of 8.5% to 8.7% for a A1+ rated issuer.
- UGRO Capital public IPO is open for bids.
- 10-year UST yield rose by 10 bps to 4.28%.
- USD/INR pair traded on a flat note during the last week.
- Banking liquidity for the week declined further to a deficit of Rs. 2098 billion
|
Market Data | |||
|
Particulars |
16/2/2024 |
9/2/2024 |
Change |
|
10 Yr Benchmark Gsec (%) |
7.09% |
7.05% |
4 bps |
|
Banking� Liquidity (in Rs Billion) |
-2098 |
-1955 |
-7.31% |
|
5 Yr OIS (%) |
6.36% |
6.30% |
6 bps |
|
1 Yr OIS (%) |
6.72% |
6.69% |
3 bps |
|
14 Gsec Auction Cut-off (%) |
7.11% |
-% |
- |
|
INRBonds Retail High Yield Index |
9.59% |
9.63% |
-4 bps |
|
Nifty |
22040 |
21782 |
1.18% |
|
10 Yr SDL |
7.40% |
7.37%% |
3 bps |
|
91 Day T-Bill (%) |
7.05% |
7.01% |
4 bps |
|
182 Day T-Bill (%) |
7.18% |
7.15% |
3 bps |
|
10 Yr US Treasury Yield (%) |
4.28% |
4.18% |
10 bps |
|
US Junk Bond Yield (%) |
7.66% |
7.57% |
9 bps |
|
Brent Crude Oil (In USD per Barrel) |
83.47 |
82.19 |
1.56% |
|
Primary & Secondary Corporate Bonds Data | |||
|
Primary Public Debt Issuance |
Maturity |
Yield |
- |
|
10.25% UGRO Capital |
18 Months (Monthly) |
10.72% |
|
|
10.75% UGRO Capital |
18 Months (Annual) |
10.82% |
|
|
10.35% UGRO Capital |
24 Months (Quarterly) |
10.74% |
|
|
11% UGRO Capital |
27 Months (Yearly) |
11% |
|
|
Top 5 Secondary Retail Trades |
Maturity |
Yield |
- |
|
L&T Finance |
01-03-2028 |
8.07% |
|
|
REC |
28-02-2032 |
7.60% |
|
|
Credit Access Grameen |
07-09-2028 |
9.86% |
|
|
Navi Finserv |
18-01-2025 |
10.95% |
|
|
Cholamandalam Investment and Fin |
07-12-2028 |
8.48% |
|
|
Currency Market Data | |||
|
Particulars |
16/2/2024 |
9/2/2024 |
Change |
|
USD/INR |
83.016 |
83 |
0.02% |
|
DXY |
104.28 |
104.11 |
0.16% |
|
USD/ Brazil Real |
4.99 |
4.9536 |
0.73% |
|
EUR/ USD |
1.0777 |
1.0782 |
-0.05% |
|
USD/CNY |
7.1936 |
7.1929 |
0.01% |
|
USD/JPY |
150.18 |
149.3 |
0.59% |
|
USD/ Russian Ruble |
91.99 |
90.9 |
1.20% |