Money market update

Money market update
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First Published: Thu, Oct 01 2009. 11 44 AM IST
Updated: Thu, Oct 01 2009. 11 44 AM IST
G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.22% compared to previous close at 7.19%. The 10-year US Treasury yield is at the same level at 3.31%.
The 3-month Interest Rate Future is trading at a level of 7.97%. The 10-year G-sec 6.90% GOI 2019 is likely to be volatile and trade between 7.15% to 7.22%.
Money market: The Call Rate and CBLO rate opened at 3.30% and 2.80%. The money market rates are expected to remain range-bound.
Swap Market: The 5Y OIS swap rate is trading in the range of 6.57% - 6.62%, compared to previous closing levels of 6.60%. The OIS swap rates are expected to trade rangebound tracking G-sec yields.
Forex Market: The INR opened at Rs47.85 against the USD compared to previous closing level of Rs48.11. Rupee is expected to trade in the range of 47.60 – 48.10.
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First Published: Thu, Oct 01 2009. 11 44 AM IST