The 10-year Indian government bond yield Increases 1.08% to 5.913% from 5.849% in the week gone by. US 10 year benchmark decreases to -8.44% as compared to 0.640% in the previous week.
The international monetary fund (IMF) has predicted a deeper recession for the global economy for 2020 than previously expected. As per IMF, India’s economy will contract by 4.5% during the year, which will be historic low. Whereas Moody’s Investors Service expects India’s economy to contract 3.1% in 2020 compared with 0.2% growth it projected in April.
India’s trade deficit with China is estimated to have narrowed to $48.7 billion last financial year the lowest in five years compared with $53.6 billion a year ago, as imports from across the border dropped over 7% to $65 billion in 2019-20.
Globally, US real gross domestic product tumbled by 5.0 % in the first quarter, unchanged from the estimate provided last month. The steep drop in GDP in the first quarter reflects a notable turnaround from the 2.1 % jump seen in the fourth quarter of 2019.
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FII/FPI IN DEBT MARKET
|S&P BSE SENSEX||35171.276||34731.73||1.27%|
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|Policy Repo Rate||4.00%|
|Reverse Repo Rate||3.35%|
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|Foreign Exchange Reserves ( June. 2020)||$500.0 b||$493.48 b|
|WPI Inflation YoY (Apr)||0.0%||1.00%|
|Inflation Rate YoY (Apr)||5.68%||5.91%|
|10 yr bond yield||5.913%||5.849%|
|3yr bond yield||4.436%||4.483%|
|1yr bond yield||3.69%||3.740%|
|US 10 yr benchmark yield||0.640%||0.694%|
|07.37 GS 2023||16/04/2023||4.4400%||4.4800%|
|07.32 GS 2024||28/01/2024||4.8500%||4.9000%|
|07.17 GS 2028||08/01/2028||5.9900%||4.0400%|
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