Weekly Market Movement :
- 10 Yr benchmark yields rose by 2bps on a weekly basis.
- FPIs bought Rs. 176 billion worth of Gsecs under FAR in February vs Rs. 189 billion in January.
- Domestic Q3Fy24 real GDP reported at 8.4% vs 8.1% growth in Q2Fy24.
- Weekly T-bill auction reported at slightly lower level than compared to previous auction.
- 10 Yr UST yield traded at 4.18%.
- US Personal consumption expenditure price index in the US increased 0.3% MoM in January 2024, in line with market expectations of 0.3%.
- Brent crude oil prices rose above USD 80 per barrel, highest in 4 months driven by speculation that OPEC+ will extend supply cuts.
- Domestic banking liquidity deficit amounting to Rs. 1568 billion.
Market Data | |||
Particulars | 1/3/2024 | 23/2/2024 | Change |
10 Yr Benchmark Gsec (%) | 7.06% | 7.04% | 2 bps |
Banking Liquidity (in Rs Billion) | -1568 | -2371.1 | 33.87% |
5 Yr OIS (%) | 6.33% | 6.36% | -3 bps |
1 Yr OIS (%) | 6.74% | 6.73% | 1 bps |
INRBonds Retail High Yield Index | 9.58% | 9.59% | -1 bps |
Nifty | 22378 | 22212 | 0.75% |
10 Yr SDL | 7.48% | 7.48% | 0 bps |
91 Day T-Bill (%) | 6.96% | 7.01% | -5 bps |
182 Day T-Bill (%) | 7.17% | 7.18% | -1.01 bps |
10 Yr US Treasury Yield (%) | 4.18% | 4.23% | -5 bps |
US Junk Bond Yield (%) | 7.68% | 7.64% | 4 bps |
Brent Crude Oil (In USD per Barrel) | 83.55 | 80.25 | 4.11% |
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 | - |
IIFL Samasta | 18-05-2030 | 10.90% | |
UGRO Capital | 08-03-2026 | 11.45% | |
Manipal Healthcare | 10-04-2026 | 11.60% | |
Belstar Microfinance | 19-07-2025 | 10.61% | |
UP Power Corp | 30-03-2029 | 9.50% | |
Currency Market Data | |||
Particulars | 1/3/2024 | 23/2/2024 | Change |
USD/INR | 82.849 | 82.89 | -0.05% |
DXY | 103.89 | 103.973 | -0.08% |
USD/ Brazil Real | 4.98 | 4.9942 | -0.28% |
EUR/ USD | 1.09 | 1.0821 | 0.73% |
USD/CNY | 7.1968 | 7.198 | -0.02% |
USD/JPY | 150.1 | 150.45 | -0.23% |
USD/ Russian Ruble | 91.7348 | 94.867 | -3.30% |