Weekly Market Highlights:
- 10 year 2034 Gsec yields closed at 6.98%, down by 1 bps on weekly basis.
- Weekly Gsec auction cut-off for the 2031 and 2064 stood at 6.989% and 7.1025% respectively.
- 3M and 6M T-bill auction data yields were at 6.76% and 6.87% respectively, down by 2-3 bps on a weekly basis.
- Domestic market liquidity deficit stood at Rs.130.38 billion.
- The INR Bonds high yield Index stood at 9.80% up 23 bps biweekly basis.
- India CPI at 5.08% up from 4.75%, Food Inflation at 9.36% up from 8.69% and IIP growth rate at 5.7%.
- US Core CPI increases by 0.1% MoM, bolstering predictions for Fed rate cuts beginning September 2024.
- Spot gold climbed 1.5% to $2,406.99 per ounce marking its highest level since May 22, silver up 2.7% as US Inflation data boosts rate-cut expectations
- The US treasury drops 9 bps to 4.19% following unexpected -0.1% MoM contraction in June CPI.
Market Data | |||
Particulars | 12/7/2024 | 5/7/2024 | Change |
10 Yr Benchmark Gsec (%) | 6.98% | 6.99% | -1 bps |
Banking Liquidity (in Rs Billion) | -130.38 | -133.22 | 2.13% |
5 Yr OIS (%) | 6.34% | 6.42% | -8 bps |
1 Yr OIS (%) | 6.74% | 6.78% | -4 bps |
INRBonds Retail High Yield Index | 9.80% | 9.80% | 0 bps |
Nifty | 24,501 | 24,324 | 0.73% |
10 Yr SDL | 7.32% | 7.34% | -2 bps |
91 Day T-Bill (%) | 6.76% | 6.78% | -2 bps |
182 Day T-Bill (%) | 6.87% | 6.90% | -3.01 bps |
10 Yr US Treasury Yield (%) | 4.19% | 4.28% | -9.3 bps |
US Junk Bond Yield (%) | 7.43% | 7.68% | -25 bps |
Brent Crude Oil (In USD per Barrel) | 82.21 | 83.44 | -1.47% |
Primary & Secondary Corporate Bonds Data | |||
Top 5 Secondary Retail Trades | Maturity | Yield | - |
12% Annapurna Finance Ltd | 24/1/2030 | 11.47% | |
9.84% Spandana Spoorthy Financial Ltd | 28/6/2026 | 11% | |
9.09% Muthoot Finance Ltd | 3/5/2029 | 9.01% | |
12.5% Krazybee Services Pvt Ltd | 12/12/2025 | 13% | |
8.75% Shriram Finance Ltd | 4/5/2026 | 9.08% | |
Currency Market Data | |||
Particulars | 12/7/2024 | 5/7/2024 | Change |
USD/INR | 83.519 | 83.468 | 0.06% |
DXY | 104.08 | 104.88 | -0.76% |
USD/ Brazil Real | 5.475 | 5.495 | -0.36% |
EUR/ USD | 1.0907 | 1.0839 | 0.63% |
USD/CNY | 7.2504 | 7.2684 | -0.25% |
USD/JPY | 157.9 | 160.74 | -1.77% |
USD/ Russian Ruble | 87.8791 | 88.0079 | -0.15% |