Weekly Market Movement :
- 10 Yr benchmark yields declined by 3bps on a weekly basis.
- Weekly T-bill auction reported at slightly lower level than compared to previous auction.
- Domestic banking liquidity turned surplus from deficit due to lack of new Gsec auctions.
- Fed chair Powell mentioned in one of speeches in front of Congress that rate cuts will begin in this year, which lead to UST rally.
- 10 Yr UST yield traded at 4.09%.
- US non-farm payroll data showed� 275,000 jobs added in February 2024.
- Gold prices touched all time highs of USD 2200 per ounce.
|
Market Data | |||
|
Particulars |
7/3/2024 |
1/3/2024 |
Change |
|
10 Yr Benchmark Gsec (%) |
7.03% |
7.06% |
-3 bps |
|
Banking Liquidity (in Rs Billion) |
529 |
-1568 |
133.74% |
|
5 Yr OIS (%) |
6.28% |
6.33% |
-5 bps |
|
1 Yr OIS (%) |
6.71% |
6.74% |
-3 bps |
|
INRBonds Retail High Yield Index |
9.56% |
9.56% |
0.0bps |
|
Nifty |
22493 |
22378 |
0.51% |
|
10 Yr SDL |
7.42% |
7.48% |
-6 bps |
|
91 Day T-Bill (%) |
6.90% |
6.96% |
-6 bps |
|
182 Day T-Bill (%) |
7.13% |
7.17% |
-4 bps |
|
10 Yr US Treasury Yield (%) |
4.07% |
4.18% |
-11 bps |
|
US Junk Bond Yield (%) |
7.49% |
7.68% |
-19 bps |
|
Brent Crude Oil (In USD per Barrel) |
82.08 |
83.55 |
-1.76% |
|
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 |
- |
|
Arka Fin |
05-06-2026 |
10.25% |
|
|
Credit Access Grameen |
07-09-2028 |
9.83% |
|
|
IIFL Samasta Finance |
18-05-2030 |
10.93% |
|
|
AYE Finance |
02-02-2025 |
9.68% |
|
|
ECL Finance |
28-04-2026 |
10.45% |
|
|
Currency Market Data | |||
|
Particulars |
7/3/2024 |
1/3/2024 |
Change |
|
USD/INR |
82.754 |
82.89 |
-0.16% |
|
DXY |
102.74 |
103.973 |
-1.19% |
|
USD/ Brazil Real |
5.01 |
4.9942 |
0.32% |
|
EUR/ USD |
1.0938 |
1.0821 |
1.08% |
|
USD/CNY |
7.186 |
7.198 |
-0.17% |
|
USD/JPY |
147.07 |
150.45 |
-2.25% |
|
USD/ Russian Ruble |
90.84 |
94.867 |
-4.24% |