The 10-year Indian government bond yield Increases 0.34% to 5.837% from 5.817% in the week gone by. US 10 year benchmark decreases to -10.13% as compared to 0.533% in the previous week.
Market will continue to track global as well as domestic factors such as increase or decrease of Covid-19 infection, rupee movement, crude oil prices, and inflow & out flow of foreign fund among others. The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6.
Globally, Federal Reserve announced that interest rates will remain at near-zero levels amid the economic hardship imposed by the coronavirus pandemic. The Fed said it decided to maintain the target range for the federal funds rate at zero to 0.25 percent, where it has remained since an emergency rate cut on March 15.
US durable goods orders surged up by 7.3 % in June after skyrocketing by a downwardly revised 15.1 percent in May. Economists had expected durable goods orders to soar by 7.2 percent compared to the 15.7 % spike that had been reported for the previous month.
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FII/FPI IN DEBT MARKET
|S&P BSE SENSEX||37606.89||38128.9||-1.37%|
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|Policy Repo Rate||4.00%|
|Reverse Repo Rate||3.35%|
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|Foreign Exchange Reserves ( 10th July. 2020)||$516.362 b||$507.644 b|
|WPI Inflation YoY (June)||-1.81%||-3.21%|
|Inflation Rate YoY (June)||6.09%||5.84%|
|10 yr bond yield||5.837%||5.817%|
|3yr bond yield||4.404%||4.678%|
|1yr bond yield||3.660%||3.687%|
|US 10 yr benchmark yield||0.533%||0.587%|
|07.37 GS 2023||16/04/2023||4.4000%||4.3000%|
|07.32 GS 2024||28/01/2024||4.7300%||4.6900%|
|07.17 GS 2028||08/01/2028||5.8700%||5.8000%|
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