G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.04%, compared to than previous closing levels of 7.11%.
The yields eased tracking absence of announcement of G-sec auction for the week. The easing of US Treasury yields also aided the market sentiment.
The 10-year US Treasury yield fell from 3.59% to 3.55%. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 7.00% - 7.06%.
Money Market: The Call Rate and CBLO rate opened at 3.26% and 2.95%. The money market rates are expected to be easy tracking comfortable liquidity conditions.
Swap Market: The 5Y OIS swap rate traded in the range of 6.34% - 6.41%, compared to previous closing levels of 6.42%. The OIS swap rates are expected to be rangebound, tracking G-sec yields.
Forex Market: The INR opened at Rs48.51 against the USD compared to previous closing level of Rs 48.25. Rupee is expected to trade in the range of 48.20 – 48.70.