G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a same yield of 7.22% The 10-year US Treasury yield hardened from 3.21% to 3.27%.
The 3-month Interest Rate Future is trading at a level of 7.99%. The 10-year G-sec 6.90% GOI 2019 is likely to be volatile and trade between 7.18% and 7.28%.
Money Market: The Call Rate and CBLO rate opened at 3.30% and 2.10% respectively. The money market rates are expected to remain range-bound.
Swap Market: The 5Y OIS swap rate is trading in the range of 6.82% - 6.87%, compared to previous closing levels of 6.85%. The OIS swap rates are expected to trade range-bound tracking G-sec yields.
Forex Market: The INR opened at the same level of yesterday Rs46.35. Rupee is expected to trade in the range of 46.00 – 46.50.