05 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 2.66%-2.75% and closed at 2.69% i.e. almost at same level in last 3 days.

DVY is currently trading at 105.75

Although DXY has fallen from high of 109.14 made on 14th July, it is still in upside trend in mid term.

Crude Oil Market

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

Yesterday it fell further from 97.5 to low of 93.26 and is presently trading at 94.39

It can again give a pull back to 96 before falling further. Due to China Taiwan tensions it is expected that the manufacturing and thus requirement for energy in China may get a hit.

Domestic market

The USD INR yesterday made high of 79.83 but could not sustain the move, made inverted hammer candle and closed at 79.36.

Mrkt shall take further cues from the MPC outcome today and the commentary.

Front loaded rate hike can control the Hot money outflows and strengthen the Rupee.

The domestic 10 year Gsec yield for 6.54% GS 2032 paper opened gap down at 7.22% against previous close of 7.24%.

It couldn’t fill the gap and due to strong buying fell to close at 7.16. This was the level last seen on 4th May.

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
CPI (YoY) (Jul)   [IN] 7.04 7.03 10/08/22 12/08/22
Industrial Production (YoY) (Jun)   [IN] 7.10 20.60 10/08/22 12/08/22
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
GDP (QoQ) (Q2)   [GB] 0.80 0.00 10/08/22 12/08/22
Trade Balance (USD) (Jul)   [CN] 78.8 75.7 05/08/22 08/08/22
French CPI (YoY)   [EU] 5.80 6.00 10/08/22 12/08/22
FX Reserves, USD   [IN] 580.3 571.6 03/08/22 05/08/22
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
FX Reserves, USD   [IN] 571.6 573.9 10/08/22 12/08/22
Foreign Bonds Buying   [JP] 112.0 37.1 09/08/22 11/08/22
Deposit Growth   [IN] 9.80 8.40 10/08/22 12/08/22
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
7.54% GS 2036 14 11000 100.05- 100.10 12/08/22 14:58 100.20 11000 Yield 08/08/22 12/08/22 15/08/22
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
GOI FRB 2028 6 4000 97.10- 97.12 12/08/22 14:57 0 0 Yield 08/08/22 12/08/22 15/08/22
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
6.99% GS 2051 29 8000 7.68%- 7.70% 12/08/22 14:59 7.6760% 8000 Yield 08/08/22 12/08/22 15/08/22
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
7.38% GS 2027 5 9000 101.45- 101.50 12/08/22 14:57 101.59 9000 Yield 08/08/22 12/08/22 15/08/22

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