Weekly Market Highlights:
- 10 year 2034 Gsec yields closed at 6.99%, down by 2 bps on weekly basis.
- Weekly Gsec auction cut-off for the 2027, 2039 and 2053 stood at 6.9577%, 7.0391% and 7.0837% respectively.
- 3M and 6M T-bill auction data yields were at 6.78% and 6.9% respectively, down by 2 bps on a weekly basis.
- Domestic market liquidity deficit stood at Rs.133.22 billion.
- The INR Bonds high yield Index stood at 9.80% up 23 bps biweekly basis.
- The pound and euro reached three-week highs against the dollar amid weakening US economic data and the French and British elections.
- US nonfarm payroll employment increased by 206,0000 with an unemployment rate of 4.1%.
- The US treasury is currently at 4.28%, slips 12 bps as jobs report bolsters expectation for Fed cut.
Market Data | |||
Particulars | 5/7/2024 | 28/6/2024 | Change |
10 Yr Benchmark Gsec (%) | 6.99% | 7.01% | -2 bps |
Banking Liquidity (in Rs Billion) | -133.22 | 92.65 | -243.79% |
5 Yr OIS (%) | 6.42% | 6.43% | -1 bps |
1 Yr OIS (%) | 6.78% | 6.82% | -4 bps |
INRBonds Retail High Yield Index | 9.80% | 9.80% | 0 bps |
Nifty | 24,324 | 24,011 | 1.30% |
10 Yr SDL | 7.34% | 7.34% | 0 bps |
91 Day T-Bill (%) | 6.78% | 6.80% | -2 bps |
182 Day T-Bill (%) | 6.90% | 6.92% | -2 bps |
10 Yr US Treasury Yield (%) | 4.28% | 4.40% | -12 bps |
US Junk Bond Yield (%) | 7.68% | 7.58% | 10 bps |
Brent Crude Oil (In USD per Barrel) | 83.44 | 84.84 | -1.65% |
Primary & Secondary Corporate Bonds Data | |||
Top 5 Secondary Retail Trades | Maturity | Yield | - |
7.38% Cholamandalam Investment and Finance Company Ltd | 31/7/2024 | 8.00% | |
7.71% HDFC Bank | 20/12/2033 | 7.60% | |
7.62% National Bank For Agriculture And Rural Development | 31/1/2028 | 7.65% | |
9.75% SBM Bank | 5/4/2032 | 8.76% | |
7.23% Indian Railway Finance Corporation of India | 15/10/2026 | 7.55% | |
Currency Market Data | |||
Particulars | 5/7/2024 | 28/6/2024 | Change |
USD/INR | 83.468 | 83.378 | 0.11% |
DXY | 104.88 | 105.85 | -0.92% |
USD/ Brazil Real | 5.495 | 5.594 | -1.77% |
EUR/ USD | 1.0839 | 1.0715 | 1.16% |
USD/CNY | 7.2684 | 7.27 | -0.02% |
USD/JPY | 160.74 | 160.85 | -0.07% |
USD/ Russian Ruble | 88.0079 | 85.7505 | 2.63% |