Weekly Market Highlights:
- The 10-year 2034 G-sec yield closed at 6.80% this week vs 6.77% last week.
- 3M and 6M T-bill auction data yields were stable at 6.48% and 6.60% respectively.
- At an event on Friday, the RBI Governor said inflation might moderate in Q4 but global conflicts pose risks.
- The INR Bonds high yield Index stood at 9.86% down 5 bps fortnightly.
- Oil prices eased this week owing to ceasefire talks in the Middle-East.
- The Euro fell this week as the Eurozone economy slowed slightly in October with the PMI missed expectations.
- 10Y UST soared to 4.24% this week on uncertainty about the US Presidential Elections as the Fiscal Policy depends heavily on the party that controls Congress.
Market Data | |||
Particulars | 18/10/2024 | 11/10/2024 | Change |
10 Yr Benchmark Gsec (%) | 6.77% | 6.72% | 5 bps |
Banking Liquidity (in Rs Billion) | 175.2 | 180.2 | -2.77% |
5 Yr OIS (%) | 6.23% | 6.16% | 6 bps |
1 Yr OIS (%) | 6.53% | 6.43% | 10 bps |
INRBonds Retail High Yield Index | 9.86% | 9.91% | -5 bps |
Nifty | 24,854 | 25,023 | -0.68% |
10 Yr SDL | 7.07% | 7.01% | 6 bps |
91 Day T-Bill (%) | 6.45% | 6.43% | 2 bps |
182 Day T-Bill (%) | 6.55% | 6.54% | 0.93 bps |
10 Yr US Treasury Yield (%) | 4.08% | 4.10% | -2 bps |
US Junk Bond Yield (%) | 6.81% | 6.95% | -14 bps |
Brent Crude Oil (In USD per Barrel) | 73.16 | 78.15 | -6.39% |
Primary & Secondary Corporate Bonds Data | |||
Top 5 Secondary Retail Trades | Maturity | Yield | - |
11.95% Namra Finance Limited | 25/5/2026 | 11.90% | |
9.90% Incred Financial Services Limited | 21/8/2026 | 10.45% | |
10.30% Indostar Capital Finance Limited | 25/9/2027 | 10.71% | |
9.50% Hinduja Leyland Finance Limited | 29/11/2029 | 9.82% | |
10.90% Earlysalary Services Private Limited | 27/3/2026 | 12.00% | |
Currency Market Data | |||
Particulars | 18/10/2024 | 11/10/2024 | Change |
USD/INR | 84.065 | 84.074 | -0.01% |
DXY | 103.49 | 103.02 | 0.46% |
USD/ Brazil Real | 5.55 | 5.48 | 1.28% |
EUR/ USD | 1.0866 | 1.0976 | -1.00% |
USD/CNY | 7.105 | 7.0746 | 0.43% |
USD/JPY | 149.52 | 149.31 | 0.14% |
USD/ Russian Ruble | 96.7 | 96.2885 | 0.43% |