Indian Debt Market Summary
- The interbank call money rate ended at 6.30% on 15th November, flat compared to 14h
- Gilts ended lower on 15th November on profit sales.
- Crude oil prices which inched higher overnight also put some pressure on bonds.
- The yield of the 10 year benchmark 7.17% 2028 paper ended at 7.76% on 15th November as against 7.73% on 14th
Debt Market Watch Updates
| Debt Watch | 15 Nov | Week Ago | Month Ago | Year Ago |
|---|---|---|---|---|
| Call Rate | 6.30% | 6.40% | 6.25% | 5.85% |
| Repo | 6.50% | 6.50% | 6.50% | 6.00% |
| 10 Yr Gilt | 7.76% | 7.80% | 7.92% | 7.02% |
| 1-mth CP rate | 7.74% | 7.75% | 7.75% | 6.50% |
| 3-mth CP rate | 7.85% | 8.41% | 8.40% | 6.75% |
| 6-mth CP rate | 9.12% | 9.15% | 9.05% | 7.20% |
| 1 yr CP rate | 9.22% | 9.30% | 9.20% | 7.30% |
| 1-mth CD rate | 6.80% | 7.00% | 6.75% | 6.50% |
| 3-mth CD rate | 7.25% | 7.45% | 7.40% | 6.18% |
| 6-mth CD rate | 8.25% | 8.32% | 8.30% | 7.20% |
| 1 yr CD rate | 8.35% | 8.50% | 8.50% | 6.58% |
| Key announcements in the month | Release Date |
|---|---|
| US Industrial Production, October | November 16 |
| US Durable Goods Orders, October | November 21 |
| US Manufacturing PMI, November | November 23 |
Auctions/ Money market operations
| Date | Description | Amount (Rs Cr) |
|---|---|---|
| November 16 | G-sec auction | 12,000 (Notified) |
| November 14 | Total repo | 1,37,270 (outstanding) |
| November 14 | Total reverse repo | 28,281 (outstanding) |
| November 14 | Marginal Standing Facility | 20 |
| November 14 | GOI Surplus Cash Balance with RBI | 0 |
| Yield (%) | G-Sec | AAA | AA+ | AA | AA- | A+ |
|---|---|---|---|---|---|---|
| 6 Month | 7.12 | 8.40 | 8.57 | 8.82 | 8.96 | 9.22 |
| 1 Year | 7.33 | 8.49 | 8.72 | 9.01 | 9.16 | 9.40 |
| 3 Year | 7.49 | 8.58 | 8.81 | 9.17 | 9.45 | 9.74 |
| 5 Year | 7.58 | 8.70 | 8.93 | 9.29 | 9.58 | 9.97 |
| 10 Year | 7.76 | 8.68 | 9.04 | 9.43 | 9.89 | 10.23 |
G-sec and corporate bonds data as of Nov 15
6 month G-sec: 182 day T-Bill rate; 1 year G-Sec: 6.35% CGL 2020; 3 year G-Sec: 8.20% CGL 2022; 5 year G-Sec: 8.83% CGL 2023; 10 year G-Sec: 7.17% GS 2028
Last Updated: 15th November 2018
Next Update: 30th November 2018
Update Frequency: Once Every Fortnight
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