Weekly Market Highlights:
- 10 year 2034 Gsec yields closed at 6.97%, fell by 1 bps on weekly basis.
- Weekly Gsec auction cut-off for the 2029 and 2073 stood at 6.9899% and 7.0724% respectively.
- Weekly T-bill auction data shows 3M and 6M and 1 year yields were at 6.82%, 6.96% and 6.98% respectively, down by 2-3 bps compared to previous week auctions.
- Domestic market liquidity surplus stood at Rs.146.94 billion.
- The HSBC India Manufacturing PMI rose to 58.5 in June 2024, up from 57.5 in May, which had marked a three-month low. This latest figure suggests a quicker expansion in India's manufacturing sector, driven by stronger growth in both output and new orders.
- The INR Bonds high yield Index stood at 9.565% down 8bps biweekly basis.
- On June 28, JPMorgan Chase & Co. will add G-secs to its biggest emerging-market bond index. That could boost global investment in Indian debt by as much as $40 billion.
- The INR fell due to renewed USD demand and rising crude oil prices.
- The Bank of Japan is gradually exiting from ultra-easy policy settings involving short-selling the shortest tenor government bonds and anticipating a further weakening of the yen.
- The US treasury currently at 4.26%, dipped and then recovered on strong june PMI data
Market Data | |||
Particulars | 21/6/2024 | 14/6/2024 | Change |
10 Yr Benchmark Gsec (%) | 6.97% | 6.98% | -1 bps |
Banking Liquidity (in Rs Billion) | 146.94 | 148.2 | 0.85% |
5 Yr OIS (%) | 6.36% | 6.34% | 2 bps |
1 Yr OIS (%) | 6.78% | 6.77% | 1 bps |
INRBonds Retail High Yield Index | 9.57% | 9.57% | 0 bps |
Nifty | 23,501 | 23,466 | 0.15% |
10 Yr SDL | 7.36% | 7.41% | -5 bps |
91 Day T-Bill (%) | 6.82% | 6.84% | -2 bps |
182 Day T-Bill (%) | 6.96% | 6.99% | -3.26 bps |
10 Yr US Treasury Yield (%) | 4.26% | 4.22% | 4 bps |
US Junk Bond Yield (%) | 7.58% | 7.54% | 4 bps |
Brent Crude Oil (In USD per Barrel) | 82.33 | 82.67 | -0.41% |
Primary & Secondary Corporate Bonds Data | |||
Primary Public Debt Issuance | Maturity | Yield | IP Frequency |
8.86% 360 One Prime Ltd | 18 Months | 9.22% | Monthly |
9.16% 360 One Prime Ltd | 18 Months | 9.23% | Annual |
8.98% 360 One Prime Ltd | 24 Months | 9.36% | Monthly |
9.35% 360 One Prime Ltd | 24 Months | 9.35% | Annual |
9.16% 360 One Prime Ltd | 36 Months | 9.55% | Monthly |
9.55% 360 One Prime Ltd | 36 Months | 9.55% | Annual |
9.21% 360 One Prime Ltd | 60 Months | 9.60% | Monthly |
9.6% 360 One Prime Ltd | 60 Months | 9.60% | Annual |
9.44% 360 One Prime Ltd | 120 Months | 9.86% | Monthly |
9.85% 360 One Prime Ltd | 120 Months | 9.84% | Annual |
Top 5 Secondary Retail Trades | Maturity | Yield | - |
7.35% Rural Electrification Corporation Limited | 31/7/2034 | 7.48% | |
8.55% HDB Financial Services Ltd | 13/6/2034 | 8.56% | |
7.05% LIC Housing Finance Ltd | 21/12/2030 | 8.15% | |
8.75% Punjab National Bank | 27/3/2028 | 8.48% | |
7.89% Tata Capital ltd | 26/7/2027 | 8.18% | |
Currency Market Data | |||
Particulars | 21/6/2024 | 14/6/2024 | Change |
USD/INR | 83.568 | 83.55 | 0.02% |
DXY | 105.83 | 105.52 | 0.29% |
USD/ Brazil Real | 5.475 | 5.38 | 1.77% |
EUR/ USD | 1.0691 | 1.0702 | -0.10% |
USD/CNY | 7.261 | 7.2558 | 0.07% |
USD/JPY | 159.82 | 157.38 | 1.55% |
USD/ Russian Ruble | 89.0619 | 89.5779 | -0.58% |