Weekly Market Highlights:
- 10 year 2034 Gsec yields closed at 7.01%, up by 4 bps on weekly basis.
- Weekly Gsec auction cut-off for the 2034 and 2064 stood at 7.02% and 7.1% respectively.
- Weekly T-bill auction data shows 3M and 6M and 1 year yields were at 6.80%, 6.92% and 6.95% respectively, down by 1-4 bps compared to previous week auctions.
- Domestic market liquidity surplus stood at Rs.92.65 billion.
- Rising crude prices limit the appreciation potential of the Indian Rupee, as India is the world's third-largest oil consumer.
- The INR Bonds high yield Index stood at 9.80% up 23 bps biweekly basis.
- The Russian Ruble has appreciated against the USD due to improved investor sentiment following new US sanctions.
- The US treasury is currently at 4.40%, up 14 bps amid growing concerns about global inflation and US election.
Market Data | |||
Particulars | 28/6/2024 | 21/6/2024 | Change |
10 Yr Benchmark Gsec (%) | 7.01% | 6.97% | 4 bps |
Banking Liquidity (in Rs Billion) | 92.65 | 146.94 | 36.95% |
5 Yr OIS (%) | 6.43% | 6.36% | 7 bps |
1 Yr OIS (%) | 6.82% | 6.78% | 4 bps |
INRBonds Retail High Yield Index | 9.80% | 9.57% | 23 bps |
Nifty | 24,011 | 23,501 | 2.17% |
10 Yr SDL | 7.34% | 7.36% | -2 bps |
91 Day T-Bill (%) | 6.80% | 6.82% | -1 bps |
182 Day T-Bill (%) | 6.92% | 6.96% | -4 bps |
10 Yr US Treasury Yield (%) | 4.40% | 4.26% | 14 bps |
US Junk Bond Yield (%) | 7.58% | 7.58% | 0 bps |
Brent Crude Oil (In USD per Barrel) | 84.84 | 82.33 | 3.05% |
Primary & Secondary Corporate Bonds Data | |||
Top 5 Secondary Retail Trades | Maturity | Yield | - |
8.55% Mas Financial Services Limited | 6/12/2025 | 10.10% | |
7.62% Export Import Bank of India | 1/9/2026 | 7.75% | |
8.5% State Bank of India | 31/12/1999 | 8.77% | |
2% Vivitri Capital Private Limited | 18/4/2025 | 8.52% | |
8.49% National Highways Authority of India | 5/2/2029 | 7.51% | |
Currency Market Data | |||
Particulars | 28/6/2024 | 21/6/2024 | Change |
USD/INR | 83.378 | 83.568 | -0.23% |
DXY | 105.85 | 105.83 | 0.02% |
USD/ Brazil Real | 5.594 | 5.475 | 2.17% |
EUR/ USD | 1.0715 | 1.0691 | 0.22% |
USD/CNY | 7.27 | 7.261 | 0.12% |
USD/JPY | 160.85 | 159.82 | 0.64% |
USD/ Russian Ruble | 85.7505 | 89.0619 | -3.72% |