Indian Debt Market Summary
- The interbank call money rate ended higher at 6% on 28th June as against 5.60% on 27th June.
- Domestic gilt prices ended higher on 28th June as sentiment was supported by the rupee’s gains against the US dollar.
- In the weekly gilt sale, the central bank auctioned five dated securities for a total notified Rs 17,000 crore
- The central bank also released the T-bill auction calendar for the September quarter, indicating that the total notified amount would be Rs 2,08,000 crore for the period.
- The yield of the 10 year benchmark 7.26% 2029 paper ended at 6.88% on 28th June as against 6.90% on 27h June.
Debt Market Watch Updates
| Debt Watch | 28 June | Week Ago | Month Ago | Year Ago |
|---|---|---|---|---|
| Call Rate | 6.00% | 5.75% | 5.85% | 6.05% |
| Repo | 5.75% | 5.75% | 6.00% | 6.25% |
| 10 Yr Gilt | 6.88% | 6.86% | 7.15% | 7.94% |
| 1-mth CP rate | 6.80% | 6.65% | 6.82% | 7.50% |
| 3-mth CP rate | 7.10% | 7.05% | 7.00% | 7.63% |
| 6-mth CP rate | 7.70% | 7.70% | 7.70% | 8.10% |
| 1 yr CP rate | 8.00% | 8.00% | 8.05% | 8.55% |
| 1-mth CD rate | 6.10% | 6.18% | 6.50% | 7.50% |
| 3-mth CD rate | 6.35% | 6.45% | 6.60% | 6.95% |
| 6-mth CD rate | 6.88% | 6.80% | 7.00% | 8.10% |
| 1 yr CD rate | 7.31% | 7.25% | 7.25% | 8.05% |
| Key announcements in the month | Release Date |
|---|---|
| US ADP Employment Report, June | July 3 |
| Eurozone Retail Sales, May | July 4 |
| US Non-farm Payrolls, June | July 5 |
Auctions/ Money market operations
| Date | Description | Amount (Rs Cr) |
|---|---|---|
| June 28 | G-sec auction | 17,000 (Allotted) |
| June 27 | Total repo | 57,117 (outstanding) |
| June 27 | Total reverse repo | 1,31,906 (outstanding) |
| June 27 | Marginal Standing Facility | 760 |
| June 27 | GOI Surplus Cash Balance with RBI | 20,046 |
| Yield (%) | G-Sec | AAA | AA+ | AA | AA- | A+ |
|---|---|---|---|---|---|---|
| 6 Month | 6.09 | 7.08 | 7.25 | 7.50 | 7.64 | 7.90 |
| 1 Year | 6.15 | 7.45 | 7.64 | 7.93 | 8.08 | 8.32 |
| 3 Year | 6.51 | 7.75 | 7.94 | 8.30 | 8.58 | 8.87 |
| 5 Year | 6.77 | 7.83 | 8.10 | 8.46 | 8.75 | 9.14 |
| 10 Year | 6.88 | 7.88 | 8.24 | 8.63 | 9.09 | 9.43 |
G-sec and corporate bonds data as of June 28
6 month G-sec: 182 day T-Bill rate; 1 year G-Sec: 6.65% CGL 2020; 3 year G-Sec: 8.13% CGL 2022; 5 year G-Sec: 7.32% CGL 2024; 10 year G-Sec: 7.26% GS 2029
Last Updated: 30th June2019
Next Update: 15th june 2019
Update Frequency: Once Every Fortnight
Archives
- 15 July 2019
- 28 June 2019
- 14 June 2019
- 29 May 2019
- 15 May 2019
- 30 April 2019
- 15 April 2019
- 29 March 2019
- 14 March 2019
- 28 February 2019
- 15 February 2019
- 31 January 2019
- 15 January 2019
- 31 December 2018
- 15 December 2018
- 30 November 2018
- 15 November 2018
- 31 July 2018
- 15 October 2018
- 15 September 2018
- 31 August 2018
- 31 October 2018
- 30 September 2018
- 15 August 2018
