Market highlights as follows:
- 10 yr Gsec benchmark yields declined by 1bps on a weekly basis.
- Weekly Gsec auction cut-off for 10 yr stood at 7.1889%.
- New 50 yr Gsec 2074 auction cut-off stood at 7.34%.
- �6m & 1 yr t-bill auction witnessed a slight rise in cut-off rate on a weekly basis.
- Domestic banking liquidity recorded a deficit of Rs. 1438 billion.
- INRBonds retail high yielding index yield down by 11 bps.
- US GDP growth data came in at lower than market expectations.
- US core personal consumption expenditures price index increased 2.8% YoY,, unchanged from February and slightly higher than expected.
- 10 Yr UST yield touched 4.7% post weak economic data points.
- Gsec-UST spread is at all-time low.
|
Market Data | |||
|
Particulars |
27/4/2024 |
19/4/2024 |
Change |
|
10 Yr Benchmark Gsec (%) |
7.15% |
7.16% |
-1 bps |
|
Banking Liquidity (in Rs Billion) |
-1438 |
1306 |
-210.11% |
|
5 Yr OIS (%) |
6.60% |
6.62% |
-2 bps |
|
1 Yr OIS (%) |
6.89% |
6.91% |
-2 bps |
|
INRBonds Retail High Yield Index |
9.63% |
9.74% |
-11 bps |
|
Nifty |
22419 |
22147 |
1.23% |
|
10 Yr SDL |
7.49% |
7.48% |
1 bps |
|
91 Day T-Bill (%) |
6.92% |
6.86% |
6 bps |
|
182 Day T-Bill (%) |
7.04% |
7.02% |
2.01 bps |
|
10 Yr US Treasury Yield (%) |
4.66% |
4.62% |
4.01 bps |
|
US Junk Bond Yield (%) |
8.00% |
8.13% |
-13 bps |
|
Brent Crude Oil (In USD per Barrel) |
88.64 |
87.29 |
1.55% |
|
Primary & Secondary Corporate Bonds Data | |||
|
Top 5 Secondary Retail Trades |
Maturity |
Yield |
- |
|
HDB Financial Services |
30-05-2025 |
8.2%% |
|
|
Power Finance Corporation |
01-08-2026 |
7.75% |
|
|
Cholamandalam Investment & Finance |
11-03-2025 |
8.40% |
|
|
NABARD |
23-07-2024 |
7.35% |
|
|
Muthoot Fincorp |
Perp |
11.65% |
|
|
Currency Market Data | |||
|
Particulars |
19/4/2024 |
12/4/2024 |
Change |
|
USD/INR |
83.388 |
83.616 |
-0.27% |
|
DXY |
105.97 |
106.01 |
-0.04% |
|
USD/ Brazil Real |
5.145 |
5.15 |
-0.10% |
|
EUR/ USD |
1.0719 |
1.0638 |
0.76% |
|
USD/CNY |
7.247 |
7.2373 |
0.13% |
|
USD/JPY |
159.27 |
153.29 |
3.90% |
|
USD/ Russian Ruble |
90.9951 |
93.275 |
-2.44% |