Weekly Market Movement :
- 10 Yr benchmark yields rose by 3bps on a weekly basis.
- Weekly T-bill auction reported at slightly lower level than compared to previous auction.
- Domestic banking liquidity remained in surplus territory despite RBI�s VRRs.
- INRBonds retail high yielding index yield rose by 2bps.
- Domestic inflation CPI reported at 5.09% for the month of February.
- US CPI inflation reported at 3.2%, which is likely to push the schedule of rate cuts by the Fed.
- 10 Yr UST yield traded at 4.31%, as auction supply was higher during the week.
- US junk bond yield index rose by 8bps as UST benchmark yields rose.
- Market participants will keenly watchout for outcomes from Bank of Japan and Fed policy-meetings.
|
Market Data | |||
|
Particulars |
15/3/2024 |
7/3/2024 |
Change |
|
10 Yr Benchmark Gsec (%) |
7.06% |
7.03% |
3 bps |
|
Banking Liquidity (in Rs Billion) |
298 |
529 |
43.67% |
|
5 Yr OIS (%) |
6.32% |
6.28% |
4 bps |
|
1 Yr OIS (%) |
6.74% |
6.71% |
3 bps |
|
INRBonds Retail High Yield Index |
9.60% |
9.58% |
2 bps |
|
Nifty |
22023 |
22493 |
-2.09% |
|
10 Yr SDL |
7.41% |
7.42% |
-1 bps |
|
91 Day T-Bill (%) |
6.85% |
6.90% |
-5 bps |
|
182 Day T-Bill (%) |
7.09% |
7.13% |
-4 bps |
|
10 Yr US Treasury Yield (%) |
4.31% |
4.07% |
24 bps |
|
US Junk Bond Yield (%) |
7.57% |
7.49% |
8 bps |
|
Brent Crude Oil (In USD per Barrel) |
85.34 |
82.08 |
3.97% |
|
Primary & Secondary Corporate Bonds Data | |||
|
Top 5 Secondary Retail Trades |
Maturity |
Yield |
- |
|
SBI Perp |
28-06-2029 |
8.60% |
|
|
Tata Capital |
18-11-2025 |
8.18% |
|
|
UP Power Corporation |
04-07-2031 |
11.60% |
|
|
Manipal Healthcare Pvt Ltd |
10-04-2026 |
11.60% |
|
|
HDB Financial Services |
30-05-2025 |
8.22% |
|
|
Currency Market Data | |||
|
Particulars |
15/3/2024 |
7/3/2024 |
Change |
|
USD/INR |
82.891 |
82.754 |
0.17% |
|
DXY |
103.45 |
102.74 |
0.69% |
|
USD/ Brazil Real |
5.02 |
5.01 |
0.20% |
|
EUR/ USD |
1.0888 |
1.0938 |
-0.46% |
|
USD/CNY |
7.196 |
7.186 |
0.14% |
|
USD/JPY |
149.07 |
147.07 |
1.36% |
|
USD/ Russian Ruble |
92.52 |
90.84 |
1.85% |