The 10-year Indian government bond yield Increases 1.87% to 6.041% from 5.930% in the week gone by. US 10 year benchmark decreases to -7.21% as compared to 0.669% in the previous week.
Ratings agency Crisil forecast a deeper contraction of 9% in this financial year, against 5% projected in May, and called for reforms to get the economy on a faster recovery path as well as fiscal support to vulnerable households and small businesses hit hard by the Covid-19 pandemic. Moody’s Investors Service has joined the league of global rating agencies that have forecasted a double-digit contraction in India’s gross domestic product (GDP) growth for the current financial year 2020-21 (FY21) due to the coronavirus-led lockdown disrupting economic activities.
Globally, U.S. inflation quickened in August, driven by the sharpest monthly gain in usedvehicle costs since 1969 and consistent with a gradual pickup in prices as the economy recovers from the pandemic-induced downturn. The consumer price index rose 1.3% from a year ago after a 1% annual increase in July, Labor Department figures showed Friday.
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FII/FPI IN DEBT MARKET
|S&P BSE SENSEX||38854.55||38357.18||1.30|
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|Policy Repo Rate||4.00%|
|Reverse Repo Rate||3.35%|
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|Foreign Exchange Reserves ( 11th September. 2020)||$542.01 b||$541.43 b|
|WPI Inflation YoY (July)||-0.58%||-1.81%|
|Inflation Rate YoY (July)||6.93%||6.23%|
|10 yr bond yield||6.041||5.930|
|3yr bond yield||5.094||4.798|
|1yr bond yield||3.507||3.519|
|US 10 yr benchmark yield||0.669||0.721|
|07.37 GS 2023||16/04/2023||4.7300%||4.7100%|
|07.32 GS 2024||28/01/2024||5.0900%||5.0500%|
|07.17 GS 2028||08/01/2028||6.1400%||6.2300%|
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