Weekly Market Movement :
- Based on the policy-meeting minutes, the majority of RBI MPC members are inclined to wait and observe until a resilient disinflationary trend emerges.
- Policy makers at the FOMC meeting exhibited caution regarding the rapid reduction of rates.
- NAVI Finserv is set to launch its Rs.6 billion public debt IPO on 26/02/2024.
- Following the FOMC meeting minutes, UST rates have surged to 4.31%.
- The 10-year GSec has hit a FY24 low, reaching 7.02%.
- Domestic banking liquidity deficit amounting to Rs. 2371 billion.
|
Market Data | |||
|
Particulars |
23/2/2024 |
16/2/2024 |
Change |
|
10 Yr Benchmark Gsec (%) |
7.04% |
7.09% |
-5 bps |
|
Banking Liquidity (in Rs Billion) |
-2371.1 |
-2098 |
-13.02% |
|
5 Yr OIS (%) |
6.36% |
6.36% |
0 bps |
|
1 Yr OIS (%) |
6.73% |
6.72% |
1 bps |
|
INRBonds Retail High Yield Index |
9.59% |
9.63% |
-4 bps |
|
Nifty |
22212 |
22040 |
0.78% |
|
10 Yr SDL |
7.48% |
7.40% |
8 bps |
|
91 Day T-Bill (%) |
7.01% |
7.05% |
-4 bps |
|
182 Day T-Bill (%) |
7.18% |
7.18% |
0 bps |
|
10 Yr US Treasury Yield (%) |
4.23% |
4.28% |
-5 bps |
|
US Junk Bond Yield (%) |
7.64% |
7.66% |
-2 bps |
|
Brent Crude Oil (In USD per Barrel) |
80.25 |
83.47 |
-3.86% |
|
Primary & Secondary Corporate Bonds Data | |||
|
Primary Public Debt Issuance |
Maturity |
Yield |
- |
|
10% Navi Finserv |
18 Months (Monthly) |
10.47% |
|
|
10.4% Navi Finserv |
27 Months (Monthly) |
10.91% |
|
|
10.9% Navi Finserv |
27 Months (Yearly) |
10.94% |
|
|
10.65% Navi Finserv |
36 Months (Monthly) |
11.19% |
|
|
11.19% Navi Finserv |
36 Months (Yearly) |
11.19% |
|
|
Top 5 Secondary Retail Trades |
Maturity |
Yield |
- |
|
Vivriti Capital |
18-04-2025 |
9.62%% |
|
|
Bajaj Housing Finance |
16-02-2026 |
7.98% |
|
|
Tata Capital Financial Services |
22-01-2027 |
8.30% |
|
|
Bajaj Finance |
17-11-2025 |
8.20% |
|
|
State Bank of India |
28-06-2029 |
8.65% |
|
|
Currency Market Data | |||
|
Particulars |
23/2/2024 |
16/2/2024 |
Change |
|
USD/INR |
82.89 |
83.016 |
-0.15% |
|
DXY |
103.973 |
104.28 |
-0.29% |
|
USD/ Brazil Real |
4.9942 |
4.99 |
0.08% |
|
EUR/ USD |
1.0821 |
1.0777 |
0.41% |
|
USD/CNY |
7.198 |
7.1936 |
0.06% |
|
USD/JPY |
150.45 |
150.18 |
0.18% |
|
USD/ Russian Ruble |
94.867 |
91.99 |
3.13% |