• 22 JUL
  • Knight Snippet
  • 22/07/2021

Transcript

Good Morning Treasurers,
This is your host Priyancka Mahore, AVP of Knight Fintech and you are listening to Knight Snippets.
Here is all what you need to know before going into trade for 22-July-2021

International Market:
-Markets continued their upward march on Wednesday and yields climbed due partly to positive corporate earnings, despite apprehension about the Delta coronavirus variant and inflation, which spurred a flight to safety earlier in the week

UST 10 year - 1.2880
30 year - 1.939

Crude Oil Market:
-Brent crude slipped 21 cents, or 0.3%, to $72.02 a barrel at 0133 GMT, after rising 4.2% in the previous session.
-Crude inventories in the world's top oil consumer rose unexpectedly by 2.1 million barrels last week to 439.7 million barrels
-Analysts had expected a 4.5 million-barrel drop
- Crude is trading at $. 71.91/bbl
- Crude Short Term Range: $,70 - 75$

Currency Market:
- Dollar index (DXY) is at: - 92.7900
- DXY today's range: -92.60 - 92.95
- USDCNY or Chinese yuan is at _6.4672_
- USDINR with a low of -74.43,  closed at -74.48
- USDINR range: _74.30__ -74.60 __

Trading Strategy for USDINR:
- USDINR will be range-bound today

Domestic Market:
- 5.63 2026 closed at _5.6350_-% Vs. % the previous trading day;
- 6.64 2035 closed at _6.7480__% Vs % the previous trading day;

Today is OMO, securities are
6.18 % 2024
6.97% 2026
8.60% 2028
6.79% 2029

That's it for today.  You were listening to Knight Snippets with Priyancka Mahore from Knight Fintech.

Macro Economic Events

Indicator Last Expected AsOn Next
GDP YoY JUN   [RU] 10.9 10.8 23/07/21 27/07/21
Retail Sales MoM JUN   [AU] -1.80 0.40 16/07/21 21/07/21
Stock Investment by Foreigners   [JP] -10.5 -310.0 16/07/21 22/07/21
House Price Index MoM MAY   [US] 1.80 1.60 23/07/21 26/07/21
Industrial Profits (YTD) YoY JUN   [CN] 4,218,330 3,424,740 23/07/21 26/07/21
PPI MoM JUN   [KR] 109.1 108.7 16/07/21 21/07/21
Interest Rate Decision   [US] 0.25 0.25 23/07/21 28/07/21
Goods Trade Balance JUN   [US] -88,110 -85,730 23/07/21 27/07/21
Inflation Rate YoY Q2   [AU] 1.10 0.90 23/07/21 27/07/21
Continuing Jobless Claims   [US] 3,236 3,265 16/07/21 22/07/21
Jobless Claims 4 Week Average   [US] 385.3 384.5 16/07/21 22/07/21
Consumer Confidence JUL   [KR] 110.3 105.2 23/07/21 27/07/21
Retail Sales YoY JUN   [RU] 27.2 35.1 23/07/21 27/07/21
Industrial Production YoY JUN   [RU] 11.8 7.6 16/07/21 22/07/21
Unemployment Rate JUN   [RU] 4.90 5.20 23/07/21 27/07/21
Wholesale Inventories MoM JUN   [US] 1.30 1.10 23/07/21 27/07/21
Initial Jobless Claims   [US] 419.0 368.0 19/07/21 22/07/21
PPI YoY JUN   [KR] 6.40 6.60 16/07/21 21/07/21
Housing Price Index YoY MAY   [US] 1.80 1.60 23/07/21 26/07/21
Foreign Bond Investment   [JP] -1,218 -191 16/07/21 22/07/21
GDP Growth Rate YoY Q2   [KR] 5.90 1.90 23/07/21 26/07/21
Inflation Rate QoQ Q2   [AU] 0.60 0.90 23/07/21 27/07/21
GDP Growth Rate QoQ Q2   [KR] 0.70 1.70 23/07/21 26/07/21

Auctions

Knight Statistical Poll vs. Actual Results
Security Name Tenure Notified Amount Expected
Cut-Off
Recommended At Actual-Cut-Off Amount Accepted Auction Type Announcement date Auction Date Settlement Date Source
6.99% UPSDL 2031 10 Y 2500 7.00% 7.03% 27/07/21 15:20 6.99% 2500 Yield 23/07/21 27/07/21 28/07/21
6.10% GS 2031 10 Y 14000 99.50 - 99.55 23/07/21 18:18 99.63 14000 Price 19/07/21 23/07/21 26/07/21
182 DTB 27/01/2022 182 D 4000 3.54% - 3.56% 28/07/21 13:45 3.5298% 4000 Yield 23/07/21 28/07/21 29/07/21
6.76% GS 2061 40 Y 9000 7.19% - 7.20% 23/07/21 18:19 7.1809% 11250 Yield 19/07/21 23/07/21 26/07/21
6.99% WBSDL 2030 9 Y 2500 - 27/07/21 15:19 6.99% 2500 Yield 23/07/21 27/07/21 28/07/21
91 DTB 28/10/2021 91 D 9000 3.40% - 3.42% 28/07/21 13:46 3.3880% 9000 Yield 23/07/21 28/07/21 29/07/21
6.97% TNSDL 2031 10 Y 2000 6.97% - 6.99% 27/07/21 15:18 6.97% 2000 Yield 23/07/21 27/07/21 28/07/21
4.26% GS 2023 2 Y 3000 99.85 - 99.89 23/07/21 18:20 100.02 3750 Price 19/07/21 23/07/21 26/07/21
364 DTB 28/07/2022 364 D 4000 3.74% - 3.77% 28/07/21 13:48 3.7299% 4000 Yield 23/07/21 28/07/21 29/07/21

Credit Research: Exposures and Next IP Dates

Fullerton India Credit Corporation Ltd.

Zero Coupon Bonds

Mahindra & Mahindra Financial Services Ltd.

Debenture

News Bites

To stay updated with us click here for news bites.

Daily Research Report

Click here for Daily Research Reports.