G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.08%, higher than previous closing levels of 7.03%. The yields hardened at opening tracking US treasury yields. The 10-year US Treasury yield rose from 3.79% to 3.89%.
The markets would look forward to announcement of how RBI would manage G-sec auction that was cancelled on last Friday. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 7.03% - 7.10%.
Money Market: The Call Rate and CBLO rate opened at 3.27% and 3.00%. 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 6.46% - 6.52%, 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 Rs47.81 against the USD compared to previous closing level of Rs 47.85. Rupee is expected to trade in the range of 47.50 – 48.00.