Weekly Market Highlights:
- 10 year 2034 Gsec declined 7 bps on weekly basis.
- Weekly t-bill auction witnessed rise in cut-off rate for 6 months as liquidity dries up in the market.
- On 9th May 2024, GOI purchased Gsec worth Rs. 100 billion against a proposed amount of Rs. 600 billion for shorter maturing Gsecs.
- RBI proposed again to initiate purchase of shorter maturing Gsec on behalf of GOI worth Rs. 600 billion.
- INRBonds retail index declined by 4 bps on a weekly basis.
- Weekly Gsec auction cut-off for 2030 and 2053 is 7.13% and 7.20% respectively.
- Domestic market liquidity deficit stood at Rs. 1773 billion.
- UST 10 year yields traded on a flat note and closed at 4.50%.
Market Data | |||
Particulars | 10/5/2024 | 3/5/2024 | Change |
10 Yr Benchmark Gsec (%) | 7.08% | 7.15% | -7 bps |
Banking Liquidity (in Rs Billion) | -1773 | -784 | -126.15% |
5 Yr OIS (%) | 6.49% | 6.50% | -1 bps |
1 Yr OIS (%) | 6.83% | 6.85% | -2 bps |
INRBonds Retail High Yield Index | 9.59% | -959 bps | |
Nifty | 22,055 | 22,476 | -1.87% |
10 Yr SDL | 7.42% | 7.46% | -4 bps |
91 Day T-Bill (%) | 7.00% | 6.98% | 2 bps |
182 Day T-Bill (%) | 7.08% | 7.01% | 7.03 bps |
10 Yr US Treasury Yield (%) | 4.50% | 4.51% | -1.01 bps |
US Junk Bond Yield (%) | 7.71% | 7.83% | -12 bps |
Brent Crude Oil (In USD per Barrel) | 82.78 | 82.78 | 0.00% |
Primary & Secondary Corporate Bonds Data | |||
Top 5 Secondary Retail Trades | Maturity | Yield | - |
State Bank of India | perpetual | 8.28% | |
Cholamandalam Investment and Fin. co. ltd | 31-07-2024 | 7.98% | |
Mahindra and Mahindra Financial services | 23-03-2026 | 8.26% | |
Andhra Pradesh State Bevarages corporation ltd | 31-05-2032 | 8.46% | |
Credit access grameen ltd | 7-10-28 | 9.82% | |
Currency Market Data | |||
Particulars | 10/5/2024 | 3/5/2024 | Change |
USD/INR | 83.55 | 83.38 | 0.20% |
DXY | 105.31 | 105.08 | 0.22% |
USD/ Brazil Real | 5.16 | 5.07 | 1.78% |
EUR/ USD | 1.0772 | 1.08 | -0.26% |
USD/CNY | 7.23 | 7.24 | -0.14% |
USD/JPY | 155.78 | 152.98 | 1.83% |
USD/ Russian Ruble | 91.63 | 90.88 | 0.83% |