Weekly Market Highlights:
- 10 year 2034 Gsec closed on a flat note on weekly basis.
- Weekly t-bill auction saw sharp rise in cut-off rate for 3 months as liquidity dries up in the market.
- In order to maintain lower cost of borrowing and to manage liquidity in the market, RBI did not use VRR auction during the and announced buying of Rs.400 billion worth of Gsecs maturing in November 2024 and January 2025.
- INRBonds retail index declined by 4 bps on a weekly basis.
- Weekly Gsec auction cut-off for 2039, 2026 and 2064 is 7.19%, 7.16% and 7.29% respectively.
- Domestic market liquidity deficit stood at Rs. 784 billion.
- Motilal Oswal public debt IPO closed on 3rd May after attracting birds worth Rs 12 billion.
- U.S. job growth totaled 175,000 in April 2024, much less than expected, while unemployment rose to 3.9%.
- US Weak job data for April 2024 lead to fall i n UST 10 year yields to 4.51%.
Market Data | |||
Particulars | 3/5/2024 | 27/4/2024 | Change |
10 Yr Benchmark Gsec (%) | 7.15% | 7.15% | 0 bps |
Banking Liquidity (in Rs Billion) | -784 | -1438 | 45.48% |
5 Yr OIS (%) | 6.50% | 6.60% | -10 bps |
1 Yr OIS (%) | 6.85% | 6.89% | -4 bps |
INRBonds Retail High Yield Index | 9.59% | 9.63% | -4 bps |
Nifty | 22,476 | 22,419 | 0.25% |
10 Yr SDL | 7.46% | 7.49% | -3 bps |
91 Day T-Bill (%) | 6.98% | 6.92% | 6 bps |
182 Day T-Bill (%) | 7.01% | 7.04% | -3.01 bps |
10 Yr US Treasury Yield (%) | 4.51% | 4.66% | -15 bps |
US Junk Bond Yield (%) | 7.83% | 8.00% | -17 bps |
Brent Crude Oil (In USD per Barrel) | 82.78 | 88.64 | -6.61% |
Primary & Secondary Corporate Bonds Data | |||
Top 5 Secondary Retail Trades | Maturity | Yield | - |
Bajaj Finance Ltd | 17-11-2025 | 8.13% | |
Tata Capital Financial Services Ltd | 25-07-2025 | 8.07% | |
National Housing Bank | 18-12-2024 | 7.54% | |
HBD Financial services | 16-03-2026 | 8.29% | |
L&T Finance | 1-7-24 | 7.47% | |
Currency Market Data | |||
Particulars | 3/5/2024 | 27/4/2024 | Change |
USD/INR | 83.38 | 83.388 | -0.01% |
DXY | 105.08 | 105.97 | -0.84% |
USD/ Brazil Real | 5.07 | 5.145 | -1.46% |
EUR/ USD | 1.08 | 1.0719 | 0.76% |
USD/CNY | 7.24 | 7.247 | -0.10% |
USD/JPY | 152.98 | 159.27 | -3.95% |
USD/ Russian Ruble | 90.88 | 90.9951 | -0.13% |