FIXED INCOME REPORT
28-Mar-16
New 10yr benchmark almost closed 1 bps lower at 7.4984% vs. previous close of 7.5071%. 10yr benchmark trades
in a tight range of 7.49-7.51% post a long weekend awaiting fresh cues in market. The benchmark yield opened at
7.5057% touched a low of 7.4926% and a high of 7.5173% before closing at 7.4984%.
The benchmark five-year overnight indexed swap rate closed at 6.6650% vs. previous day's close of 6.6750%,
while the one-year closed at 6.8575% vs. previous day's close of 6.8600%.
Rupee closed at 66.5750 vs. previous day's close of 66.6350. Rupee erases early losses to trade marginally higher
after dollar selling by banks and exporters. Rupee opened at 66.90 went to a high of 66.62 and touched a low of
66.56.
Gold was seen trading at Rs.28409/10gm, while silver was seen trading at Rs. 36664/kg & Nymex crude was seen
trading around at 40.44/barrel.
G-Securities Yield Curve G-Securities
8.0000
Yield Curve
Securities
Maturity
28-Mar-16
Previous
Change
08.27 GS 2020
9-Jun-20
7.5318
7.5593
-0.028
7.7000
25-Nov-23
7.6878
7.7297
-0.042
7.6000
07.35 GS 2024
22-Jun-24
7.7554
7.7824
0.000
7.5000
25-May-25
7.6948
7.7160
-0.021
07.59 GS 2026
11-Jan-26
7.4984
7.5071
-0.009
07.59 GS 2029
20-Mar-29
7.7107
7.7086
0.002
07.88 GS 2030
19-Mar-30
7.8391
7.8760
-0.037
7.7297
7.8000
08.83 GS 2023
07.72 GS 2025
7.8760
7.9000
7.4000
7.5593
7.7554
7.7824
7.6878
7.7086
7.7160
7.6948
7.4984
7000
6000
7.8391 5000
4000
7.7107
3000
2000
7.5318
1000
7.5071
7.3000
0
08.27 07.68 07.35 07.72 07.59 07.59 07.88
GS 2020 GS 2023 GS 2024 GS 2025 GS 2026 GS 2029 GS 2030
Volume
Today's Yield
Yesterday's Yield
-
Corporate Bond Spreads
Maturity
AAA
AA+
28-Mar-16
Previous
Spread
28-Mar-16
Previous
Spread
1 year
7.99
7.99
68
8.07
8.07
76
2 year
8.05
8.01
60
8.14
8.10
69
3 year
8.05
8.02
44
8.14
8.11
53
5 year
8.19
8.19
43
8.31
8.31
55
10 year
8.32
8.29
65
8.47
8.44
80
Money Market Yields
CD Rates Trend
CD Rates
Maturity
28-Mar-16
Previous
Change
3 Months
8.25
8.10
0.15
6 Months
8.12
7.95
0.17
1 Year
7.95
7.95
0.00
CP Rates
3 Months
8.90
8.80
0.10
6 Months
8.85
9.00
-0.15
1 Year
8.85
8.90
-0.05
SPA Fixed Income Report
12.00
11.50
11.00
10.50
10.00
9.50
9.00
8.50
8.00
7.50
7.00
3 months
1 year
1
Primary Issuance CP
Primary Issuance CD
Issuer
Issuer
Rate %
Primary Issuance CP
Rate %
South Indian Bank (2M)
8.40
Daimler Finance (2M)
UCO Bank (2M)
8.23
HDFC Ltd (Apr over 2M)
7.80
Sundaram Finance (Apr over 2M)
7.84
ABFL (Apr over 2M)
7.87
Axis Finance (Apr over 2M)
7.87
Sundaram Home (Apr over 2M)
7.85
7.91
Indusind Bank (2M)
8.53
8.30/8.19/
8.25
Union Bank (2M/3M)
Bank of Maharashtra (3M)
8.25
Corporation Bank (6M)
8.08
Cholamandalam Finance (Apr over
2M)
SBH (6M)
8.05
Chambal Fertilizers (Apr over 2M)
7.55
EXIM (15 June)
8.38
Vijaya Bank (3M/6M)
8.25/8.16
SBBJ (30 May/13 June)
8.23/8.20
Issuer
Rate %
8.95
V
Net LAF
Money Market
Instruments
28-Mar-16
Previous
Change
MIBOR
7.32
7.32
0.00
Call Money
6.00
5.80
0.20
CBLO
6.25
6.50
-0.25
Marginal standing facility ( 22Mar in
crs)
1390
50
1340
Repo (In Crs)
15826
22485
-6659
R.Repo (In Crs)
33461
21288
12173.0
91 Day T- Bill
7.18
7.20
-0.02
182 day T-Bill
-
7.17
-
5000
4391
20000
15000
10000
5000
0
-5000
-10000
-15000
-20000
-25000
28
3396
16-Mar 17-Mar 18-Mar 21-Mar 22-Mar 23-Mar 28-Mar
-10976
-18951
Forex Market
Instruments
28-Mar-16
Previous
Change
USD/INR
66.58
66.64
0.060
EUR/USD
1.12
1.12
-0.003
GBP/USD
1.42
1.42
-0.001
USD/JPY
113.48
112.58
0.90
2345
2000
1390
1000
10
125
0
80
12298
1806
Marginal Standing Faclity (in crs)
4000
3000
16350
50
15-Mar 16-Mar 17-Mar 18-Mar 21-Mar 22-Mar 23-Mar
GLOBAL INDICATORS
Indicators
28-Mar-16
Previous
Change
10 year US Benchmark
1.91
1.93
-0.02
67.5
USD/INR
67.22
67
66.5
66.50
66.75
0.37
0.37
0.00
1 Month
0.44
0.43
0.00
3 Months
0.63
0.63
0.00
6 Months
0.91
0.90
0.01
9 Months
0.55
0.55
0.00
12 Months
1.23
1.22
0.01
SPA Fixed Income Report
66.64
66.58
66.53
USD LIBOR
1 Day
66.71
66
Commodity
Instruments
28-Mar-16
Previous
Change
Brent Crude
40.44
41.58
-1.14
NYMEX Crude
39.61
41.11
-1.50
Gold
28409
28760
-351.00
Silver
36664
37547
-883.00
2
Inflow / Outflow for 21st Mar 2016 to 23rd Mar 2016
INFLOW
FII/FPI Inflows (Rs. Crs) (As on 28th Mar 2016)
Amount (crs)
T-Bill Redemption
7830.92
SDL Coupon
2175
G-Sec Coupon
6624
Purchase
Sale
Net
Net $ (mn)
Equity
3972.64
2906.21
1066.43
159.5
Debt
731.44
172.09
559.35
83.65
S
G-sec Redemption
SDL Redemption
Mutual Fund Inflows (Rs. Crs) (As on 18th Mar 2016)
OUTFLOW
Purchase
Sale
Net ( Rs. Crs)
Equity
779.3
1114.3
-335
Debt
13003.3
6895.70
6107.60
G-sec Auction
Cash management bills
T-Bill Auction
14000
SDL Auction
7680
Net Flow
-5049.71
Corporate Bond Issuance
Issuer
Opening
Date
Earliest Closing
Date
Tenor
Quantum
In Rs. Crs
Rating
Coupon
%
Issues open in the long-term market
Disclaimer: The information contained in this report is obtained from reliable sources and is directed at institutional investors. In no circumstances
should it be considered as an offer to sell/buy or, a solicitation of any offer to buy or sell the securities or commodities mentioned in this report. No
representation is made that the transactions undertaken based on the information contained in this report will be profitable, or that they will not result
in losses, SPA and its representatives will not be liable for the recipients investment decision based on this report.
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