04 AUG
Knight Snippet
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Transcript

Good morning Treasurers,

This is your host Priyancka Mahore, from Knight Fintech and you are listening to Knight Snippets. Here is what you need to know before going into trade for the day.

International market news:

The US yield 10 year bond yield yesterday traded in range of 2.70-2.85% and closed at 2.71% i.e. at same yield where it closed previous day.

DVY is currently trading at 106.28

DXY rebounded 2 days back from 50 day moving average and is currently trading at 10 and 20 dsay MA. A slight move above can show strength and we may again see it above 107.

Crude Oil Market

Brent futures for October expiry has come down below its all major Moving averages viz 10-20-50

Yesterday it came down and also closed below its 200 DMA which is a signal of major long term trend change.

Last time on 14th July Brent was below 200 DMA but buying forced it to move higher and close above it.

Domestic market

As expected in yesterday podcast alongwith reasons, USD made a strong bullish candle yesterday right from opening.

It opened at 78.63 which was also the low of the day and continuously move higher to close at 79.13 after making day high of 79.23

The pair took support from Ichimoku cloud and 50 DMA, however it is still below 10 and 20 DMA.

Above 79.34 it can again start upside journey if got support from DXY also.

Due to upmove in US 10 year yield , the domestic 10 year Gsec yield for 6.54% GS 2032 paper opened gap up at 7.25% against previous close of 7.20%

To move higher it has to confront the long marubozu candle made day before yesterday.

The yield will take further cues from the MPC outcome and commentary.

That's it for today.

See you tomorrow with the new episode from Knight Snippets.

Macro Economic Events

Indicator Last Expected AsOn Next
Interest Rate Decision   [IN] 4.40 4.80 02/08/22 04/08/22
PPI (MoM) (Jul)   [JP] 0.1000 0.5000 08/08/22 10/08/22
Bank lending (YoY) (Jul)   [JP] 0.70 1.30 05/08/22 08/08/22
CPI (MoM) (Jul)   [BR] 0.47 0.70 06/08/22 09/08/22
PPI (MoM) (Jul)   [US] 0.90 0.80 09/08/22 11/08/22
Unemployment Rate (Jul)   [US] 3.60 3.60 03/08/22 05/08/22
Foreign Reserves USD (MoM) (Jul)   [SG] 345.3 314.3 05/08/22 08/08/22
German CPI (MoM) (Jul)   [EU] 0.1000 0.6000 08/08/22 10/08/22
Trade Balance (Feb)   [RU] 26.7 21.2 09/08/22 11/08/22
Foreign Bonds Buying   [JP] -910.2 107.9 02/08/22 04/08/22
CPI (YoY) (Jul)   [BR] 11.7 11.9 06/08/22 09/08/22
Inital Jobless Claims   [US] 261,000 253,000 02/08/22 04/08/22
Cash Reserve Ratio   [IN] 4.50 4.50 03/08/22 05/08/22
Services PMI   [JP] 52.6 50.4 01/08/22 03/08/22
Trade Balance (USD) (Jul)   [CN] 78.8 75.7 05/08/22 08/08/22
Retail Sales (QoQ) (Q2)   [AU] 7.90 1.00 01/08/22 03/08/22
FX Reserves, USD   [IN] 580.3 571.6 03/08/22 05/08/22
Nikkei Services PMI (Jul)   [IN] 58.9 58.7 01/08/22 03/08/22
Cash Reserve Ratio   [IN] 4.50 4.50 02/08/22 04/08/22
CPI (YoY) (Jul)   [US] 8.60 8.80 08/08/22 10/08/22
M3 Money Supply   [IN] 8.90 7.90 08/08/22 10/08/22
Interest Rate Decision   [IN] 4.40 4.80 03/08/22 05/08/22
PPI (MoM) (Jun)   [EU] 1.20 1.00 01/08/22 03/08/22
Foreign Bonds Buying   [JP] 112.0 37.1 09/08/22 11/08/22
Inital Jobless Claims   [US] 245,000 259,000 09/08/22 11/08/22
Foreign Reserves (USD) (Jul)   [JP] 1,330 1,311 03/08/22 05/08/22
M3 Money Supply (Jul)   [JP] 2,056 2,062 06/08/22 09/08/22

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
APSDL 2040 18 500 8.02%- 8.04% 08/08/22 13:33 7.96% Yield 04/08/22 08/08/22 09/08/22
APSDL 2031 9 500 7.74%- 7.76% 08/08/22 13:31 7.74% 500 Yield 04/08/22 08/08/22 09/08/22
RJSDL 2032 10 1000 7.78% - 7.80% 08/08/22 13:38 7.77% 1000 Yield 04/08/22 08/08/22 09/08/22
7.10% GS 2029 7 7000 99.50- 99.55 05/08/22 16:10 99.35 7000 Yield 01/08/22 05/08/22 08/08/22
8.35% RJSDL 2038 16 1000 102.05- 102.25 08/08/22 13:39 103.40 1000 Yield 04/08/22 08/08/22 09/08/22
6.69% GS 2024 2 4000 100.10- 100.15 05/08/22 16:10 100.04 4000 Yield 01/08/22 05/08/22 08/08/22
6.95% GS 2061 39 9000 7.65%- 7.67% 05/08/22 16:12 7.6898% 9000 Yield 01/08/22 05/08/22 08/08/22
364 DTB 10/08/2023 364 D 5000 6.28%- 6.30% 10/08/22 13:50 6.2599% 5000 Yield 05/08/22 10/08/22 11/08/22
6.54% GS 2032 10 13000 94.90- 95.00 05/08/22 16:11 94.66 13000 Yield 01/08/22 05/08/22 08/08/22
182 DTB 09/02/2023 182 D 7000 5.95%- 5.96% 10/08/22 13:49 5.9630% 7000 Yield 05/08/22 10/08/22 11/08/22
ASSDL 2028 6 800 7.57%- 7.60% 08/08/22 13:33 7.54% 800 Yield 04/08/22 08/08/22 09/08/22
7.82% PNSDL 2042 20 500 97.88- 97.95 08/08/22 13:37 98.83 500 Yield 04/08/22 08/08/22 09/08/22
TNSDL 2042 20 1000 8.00%- 8.02% 08/08/22 13:41 7.93% 1000 Yield 04/08/22 08/08/22 09/08/22
TLSDL 2037 15 1000 7.95%- 7.97 08/08/22 13:42 7.95% 1000 Yield 04/08/22 08/08/22 09/08/22
91 DTB 10/11/2022 91 D 9000 5.58%- 5.60% 10/08/22 13:49 5.5949% 9000 Yield 05/08/22 10/08/22 11/08/22
TNSDL 2032 10 2000 7.77%- 7.79% 08/08/22 13:40 7.75% 2000 Yield 04/08/22 08/08/22 09/08/22
RJSDL 2045 23 1000 8.02%- 8.05% 08/08/22 13:39 7.93% 1000 Yield 04/08/22 08/08/22 09/08/22
91 DTB 03/11/2022 91 D 9000 5.53%- 5.55% 04/08/22 12:33 5.5586% 9000 Yield 29/07/22 03/08/22 04/08/22
APSDL 2036 14 1000 7.95%- 7.97% 08/08/22 13:31 7.97% 1000 Yield 04/08/22 08/08/22 09/08/22
HRSDSL 2032 10 500 7.78% - 7.80% 08/08/22 13:35 7.77% 500 Yield 04/08/22 08/08/22 09/08/22
GJSDL 2032 10 1000 7.74%- 7.76% 08/08/22 13:34 7.73% 1000 Yield 04/08/22 08/08/22 09/08/22
HRSDSL 2037 15 1000 7.95%- 7.97% 08/08/22 13:36 7.95% 1000 Yield 04/08/22 08/08/22 09/08/22
364 DTB 03/08/2023 364 D 5000 6.23%- 6.25% 04/08/22 12:35 6.23 5000 Yield 29/07/22 03/08/22 04/08/22
182 DTB 02/02/2023 182 D 7000 5.83%- 5.85% 04/08/22 12:34 5.8886% 7000 Yield 29/07/22 03/08/22 04/08/22

Credit Research: Exposures and Next IP Dates

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