G-sec Market: The most traded G-sec 7.02% GOI 2016 opened at a yield of 7.09% compared to previous closing levels of 7.11%.
The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.18% similar to previous closing levels. The 10-year US Treasury yield fell from 3.45% to 3.42%.
The markets would look forward to cut-offs in G–sec auctions. The most traded G-sec 7.02% GOI 2016 is likely to trade in the range of 7.07%-7.13%. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 7.15% - 7.22%.
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 6.35% - 6.40%, compared to previous closing levels of 6.41%. The OIS swap rates are expected to be rangebound, tracking G-sec yields.
Forex Market: The INR opened at Rs48.65 against the USD compared to previous closing level of Rs 48.70. Rupee is expected to trade in the range of 48.45 – 48.95.