Market highlights as follows:
- 10 Yr Gsec benchmark yields rose by 4bps on a weekly basis.
- New 15 Gsec 2039 auction cut-off stood at 7.23%.
- Domestic March CPI reported at 4.85% vs Feb CPI 5.09%.
- Domestic IIP February at 5.7% vs 3.8% in January.
- Geo-political tensions between Israel and Iran would increase market volatility.
- 6m T-bill auctions witnessed a rise in cut-off rate on a weekly basis.
- Domestic banking liquidity recorded a surplus of Rs. 794 billion.
- INRBonds retail high yielding index yield rose by 6 bps.
- US CPI inflation reported at 3.5%, higher than last month.
- 10 Yr UST yield touched 4.5% post strong US CPI data.
- Brent crude oil prices could rise in the coming week since OPEC has decided to maintain current supply levels, and ongoing conflicts between Iran and Israel could further tighten supplies.
|
Market Data | |||
|
Particulars |
12/4/2024 |
5/4/2024 |
Change |
|
10 Yr Benchmark Gsec (%) |
7.14% |
7.10% |
4 bps |
|
Banking Liquidity (in Rs Billion) |
794 |
1557 |
-49.00% |
|
5 Yr OIS (%) |
6.55% |
6.40% |
15 bps |
|
1 Yr OIS (%) |
6.86% |
6.79% |
7 bps |
|
INRBonds Retail High Yield Index |
9.722% |
9.80% |
0 bps |
|
Nifty |
22519 |
22513 |
0.03% |
|
10 Yr SDL |
7.47% |
7.46% |
1 bps |
|
91 Day T-Bill (%) |
6.87% |
6.88% |
-1 bps |
|
182 Day T-Bill (%) |
7.03% |
7.02% |
1.01 bps |
|
10 Yr US Treasury Yield (%) |
4.52% |
4.40% |
12 bps |
|
US Junk Bond Yield (%) |
7.87% |
7.64% |
23 bps |
|
Brent Crude Oil (In USD per Barrel) |
90.45 |
91.17 |
-0.79% |
|
Primary & Secondary Corporate Bonds Data | |||
|
Top 5 Secondary Retail Trades |
Maturity |
Yield |
- |
|
CAN FIN Homes Ltd |
20-03-2029 |
8.13% |
|
|
HDB Financial Services |
14-07-2026 |
8.37% |
|
|
Mahindra & Mahindra Financial Services |
25-04-2025 |
8.15% |
|
|
EXIM Bank of India |
18-02-2025 |
7.55% |
|
|
MAS Finance MLD |
03-12-2024 |
9.34% |
|
|
Currency Market Data | |||
|
Particulars |
12/4/2024 |
5/4/2024 |
Change |
|
USD/INR |
83.616 |
83.319 |
0.36% |
|
DXY |
106.01 |
104.29 |
1.65% |
|
USD/ Brazil Real |
5.15 |
5.09 |
1.18% |
|
EUR/ USD |
1.0638 |
1.0836 |
-1.83% |
|
USD/CNY |
7.2373 |
7.2337 |
0.05% |
|
USD/JPY |
153.29 |
151.62 |
1.10% |
|
USD/ Russian Ruble |
93.275 |
92.45 |
0.89% |