Weekly Market Movement :
- 10 Yr Gsec benchmark yields declined by 4bps on a weekly basis.
- Weekly 3m & 6m T-bill auctions witnessed a rise in cut-off rate on a weekly basis.
- Domestic banking liquidity recorded a deficit of Rs. 409 billion.
- INRBonds retail high yielding index yield declined by 5 bps.
- US core personal consumption expenditure index rose 0.3% (M-o-M), in-line with expectations.
- The US Fed chai Powell reiterated that there would be no ruse to lower interest rates till committee members are confident on inflation data.
- 10 Yr UST yield traded at 4.20%.
- Inflation reading eases in Europe and UK, which could lead to ECB and BoE to cut interest rates ahead of Fed.
- Market participants will keenly watch out for RBI policy meeting outcome.
|
Market Data | |||
|
Particulars |
29/3/2024 |
22/3/2024 |
Change |
|
10 Yr Benchmark Gsec (%) |
7.05% |
7.09% |
-4 bps |
|
Banking Liquidity (in Rs Billion) |
-409 |
-1368 |
70.10% |
|
5 Yr OIS (%) |
6.35% |
6.39% |
-4 bps |
|
1 Yr OIS (%) |
6.75% |
6.78% |
-3 bps |
|
INRBonds Retail High Yield Index |
9.73% |
9.79% |
-5 bps |
|
Nifty |
22327 |
22096 |
1.05% |
|
10 Yr SDL |
7.43% |
7.43% |
0 bps |
|
91 Day T-Bill (%) |
6.90% |
6.88% |
2 bps |
|
182 Day T-Bill (%) |
7.04% |
7.12% |
-8 bps |
|
10 Yr US Treasury Yield (%) |
4.20% |
4.24% |
-4 bps |
|
US Junk Bond Yield (%) |
7.44% |
7.50% |
-6 bps |
|
Brent Crude Oil (In USD per Barrel) |
87 |
86.04 |
1.12% |
|
Primary & Secondary Corporate Bonds Data | |||
|
Top 5 Secondary Retail Trades |
Maturity |
Yield |
- |
|
IRFC |
31-08-2031 |
7.50% |
|
|
12% Muthoot Fincorp |
Perp |
11.54% |
|
|
Nuvama Wealth and Investment |
23-08-2027 |
11.66% |
|
|
HDB Financial Services |
19-06-2025 |
8.25% |
|
|
IIFL Samasta Finance |
18-05-2030 |
10.93% |
|
|
Currency Market Data | |||
|
Particulars |
22/3/2029 |
22/3/2024 |
Change |
|
USD/INR |
83.342 |
83.545 |
-0.24% |
|
DXY |
104.49 |
104.24 |
0.24% |
|
USD/ Brazil Real |
4.985 |
5.02 |
-0.70% |
|
EUR/ USD |
1.0793 |
1.0827 |
-0.31% |
|
USD/CNY |
7.2213 |
7.2295 |
-0.11% |
|
USD/JPY |
151.38 |
151.02 |
0.24% |
|
USD/ Russian Ruble |
92.46 |
92.16 |
0.33% |