Indian Debt Market Summary
- The interbank call money rate ended at 6.20% on 15th February as against 6.40% on 14th
- Gilt prices ended lower on 15th February as a rise in crude oil prices dampened demand for debt.
- The yield of the 10-year benchmark 7.17% 2028 paper ended at 7.58% on 15th February as against 7.52% on 14th The yield of the 10-year 7.26% 2029 paper ended at 7.36% on 15th February as against 7.33% on 14th February.
Debt Market Watch Updates
| Debt Watch | 15 Feb | Week Ago | Month Ago | Year Ago |
|---|---|---|---|---|
| Call Rate | 6.20% | 6.35% | 6.40% | 5.80% |
| Repo | 6.25% | 6.25% | 6.50% | 6.00% |
| 10 Yr Gilt | 7.58% | 7.53% | 7.47% | 7.57% |
| 1-mth CP rate | 7.00% | 6.90% | 7.10% | 6.90% |
| 3-mth CP rate | 7.60% | 7.60% | 7.85% | 7.92% |
| 6-mth CP rate | 8.35% | 8.20% | 8.50% | 8.00% |
| 1 yr CP rate | 8.65% | 8.55% | 8.65% | 8.20% |
| 1-mth CD rate | 6.45% | 6.40% | 6.70% | 6.90% |
| 3-mth CD rate | 7.21% | 7.10% | 7.30% | 7.18% |
| 6-mth CD rate | 7.45% | 7.50% | 7.60% | 8.00% |
| 1 yr CD rate | 7.72% | 7.80% | 7.75% | 7.44% |
| Key announcements in the month | Release Date |
|---|---|
| US Housing Starts, January | February 20 |
| US Leading Index, January | February 21 |
| US GDP, Q4 2018 | February 28 |
Auctions/ Money market operations
| Date | Description | Amount (Rs Cr) |
|---|---|---|
| February 15 | G-sec auction | 10,334 (Allotted) |
| February 14 | Total repo | 1,43,263 (outstanding) |
| February 14 | Total reverse repo | 54,449 (outstanding) |
| February 14 | Marginal Standing Facility | 1005 |
| February 14 | GOI Surplus Cash Balance with RBI | 0 |
| Yield (%) | G-Sec | AAA | AA+ | AA | AA- | A+ |
|---|---|---|---|---|---|---|
| 6 Month | 6.39 | 7.65 | 7.82 | 8.07 | 8.21 | 8.47 |
| 1 Year | 6.55 | 7.79 | 8.02 | 8.31 | 8.46 | 8.70 |
| 3 Year | 6.83 | 8.00 | 8.19 | 8.55 | 8.83 | 9.12 |
| 5 Year | 7.17 | 8.14 | 8.41 | 8.77 | 9.06 | 9.45 |
| 10 Year | 7.58 | 8.60 | 8.96 | 9.35 | 9.81 | 10.15 |
G-sec and corporate bonds data as of Feb 15
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: 7.35% CGL 2024; 10 year G-Sec: 7.17% GS 2028
Last Updated: 15th February 2019
Next Update: 28th February 2019
Update Frequency: Once Every Fortnight
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