G-sec Market: The most actively traded security 6.07% GOI 2014 opened at Rs98.70 implying a yield of 6.38% lower than previous closing levels of 6.43%. The new 10-year G-sec 6.90% GOI 2019 opened at Rs100.50 implying a yield of 6.83%.
The yields eased tracking RBI announcement of G-sec auction worth Rs12,000 crore, lower than market expectations. The US Treasury yields had also eased sharply on Friday, impacting the market sentiment. The benchmark 10-year US Treasury eased from 3.44% to 3.32%.
The most actively traded security 6.07% GOI 2014 is likely to trade in the range of 6.32% -6.40%. The new 10-year G-sec 6.90% GOI 2019 2014 is likely to trade in the range of 6.78%- 6.85%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.80% respectively. The money market rates are expected to remain soft tracking comfortable liquidity position.
Swap Market: The 5Y OIS swap rate traded in the range of 6.00% - 6.05%, compared to previous closing levels of 6.09%. The OIS swap rates are expected to trade rangebound tracking movement in G-sec yields.
Forex Market: The INR opened at Rs49.10 against the USD compared to previous closing level of Rs49.01. Rupee is expected to trade in the range of 48.90 – 49.40.