Call :
This is the start of new reporting fortnight. Liquidity would remain comfortable. Banks parked Rs 294 Bn to RBI under reverse repo window.
1Yr Ois:
Indian one-year overnight indexed swaps rose from five-month lows on Monday, ahead of a slew of data this week and after a senior central banker revived inflation worries for the fixed income market.
The one-year interest rate swap ended at 4.81/84 percent, higher than 4.77/79 percent.
10 Yr INR G Sec Bond :
Indian federal bond yields are seen rising on Monday, tracking the weakness in U.S. Treasury prices and with sentiment expected to be dampened by the central Bank's announcement to auction cash management bills. The cash management bills would add to supplies and dampen the appetite for debt.
10 Yr USD Bond :
U.S. Treasuries tumbled on Monday after a $1 trillion plan to halt the euro zone's burgeoning debt crisis relieved investors of the fear that sent them scurrying into safe-haven government bonds last week.
The benchmark 10-year Treasury note tumbled more than a point in price during the steepest of the losses, pushing its yield up to 3.55 percent from Friday's close of 3.44 percent.
Spot :
Spot will open flat tracking the stock market and AXJ currencies. Spot should be range between 44.70 - 45.30
Forwards 1Yr:
1 Yr Annualized Premia was closed at 2.71% on friday. Intraday as spot looks bullish there might be some receiving int of the market but for fortnight dips in forwards should be paid as the daily carry is negative for received position.
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