Indian Debt Market Summary
- The interbank call money rate ended at 6.45% on 14th January as against 6.30% on 11th
- Gilt ended sharply higher on 14th January as sentiment was aided by anticipation of favorable consumer inflation figures.
- The yield of the 10 year benchmark 7.17% 2028 paper ended at 7.43% on 14th January as against 7.50% on 11th
- The yield of the new 10 year 7.26% 2029 paper settled at 7.22% on 14th January as against 7.26% on 11th
Debt Market Watch Updates
| Debt Watch | 14 Jan | Week Ago | Month Ago | Year Ago |
|---|---|---|---|---|
| Call Rate | 6.45% | 6.30% | 6.35% | 5.95% |
| Repo | 6.50% | 6.50% | 6.50% | 6.00% |
| 10 Yr Gilt | 7.43% | 7.51% | 7.44% | 7.46% |
| 1-mth CP rate | 7.10% | 7.10% | 7.16% | 6.75% |
| 3-mth CP rate | 7.85% | 8.00% | 7.25% | 7.50% |
| 6-mth CP rate | 8.50% | 8.60% | 8.60% | 7.90% |
| 1 yr CP rate | 8.65% | 8.75% | 9.00% | 8.00% |
| 1-mth CD rate | 6.70% | 6.75% | 6.80% | 6.75% |
| 3-mth CD rate | 7.30% | 7.35% | 6.95% | 6.87% |
| 6-mth CD rate | 7.60% | 7.75% | 7.90% | 7.90% |
| 1 yr CD rate | 7.75% | 7.89% | 8.15% | 7.30% |
| Key announcements in the month | Release Date |
|---|---|
| US Retail Sales, December | January 16 |
| US Housing Starts, December | January 17 |
| UK Retail Sales, December | January 18 |
Auctions/ Money market operations
| Date | Description | Amount (Rs Cr) |
|---|---|---|
| January 18 | G-sec auction | 12,000 (Notified) |
| January 11 | Total repo | 1,04,854 (outstanding) |
| January 11 | Total reverse repo | 94,269 (outstanding) |
| January 11 | Marginal Standing Facility | 213 |
| January 11 | GOI Surplus Cash Balance with RBI | 0 |
| Yield (%) | G-Sec | AAA | AA+ | AA | AA- | A+ |
|---|---|---|---|---|---|---|
| 6 Month | 6.72 | 7.75 | 7.92 | 8.17 | 8.31 | 8.57 |
| 1 Year | 6.81 | 7.95 | 8.18 | 8.47 | 8.62 | 8.86 |
| 3 Year | 7.00 | 8.02 | 8.25 | 8.61 | 8.89 | 9.18 |
| 5 Year | 7.26 | 8.20 | 8.43 | 8.79 | 9.08 | 9.47 |
| 10 Year | 7.43 | 8.40 | 8.76 | 9.15 | 9.61 | 9.95 |
G-sec and corporate bonds data as of Jan 14
6 month G-sec: 182 day T-Bill rate; 1 year G-Sec: 6.65% CGL 2020; 3 year G-Sec: 8.79% CGL 2021; 5 year G-Sec: 7.68% CGL 2023; 10 year G-Sec: 7.17% GS 2028
Last Updated: 15th January 2019
Next Update: 31st January 2019
Update Frequency: Once Every Fortnight
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