12 AUG
Knight Snippet

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:

Yesterday the US yield 10 year bond yield traded in range of 2.73% to 2.90%.

In short term as well as medium term trend is towards upside.

US CPI numbers for July at 8.5% are still at multiyear high levels.

DXY is currently trading at 105.24

Yesterday it traded in range of 104.65-105.46.

Crude Oil Market

Yesterday Brent october future made high of 100.14 and is presently trading at $99.17

Brent futures for October are hovering around average closing price of last 200 days i.e. 200 Day moving average.

Yesterday OPEC which is organization of the petroleum exporting countries, cut its estimate of 2022 demand growth to 3.1 mn barrels from forecast of 3.4 mn barrels a day.

Due to increasing rate scenario world wide, new economic activities and green field projects gets postponed leading to lower demand for energy.

Domestic market

The USD INR pair opened lower at 79.21 but due to demand for USD moved high to close at 79.59.

The domestic 10 year Gsec yield for 6.54% GS 2032 paper yesterday opened up at 7.34% but fell to close at 7.26%

Market shall be eyeing for the CPI number for the month of July which is expected aroung 6.80%.

7.22% to 7.33% is short term range.

That's it for today.

See you tomorrow with the new episode from Knight Snippets.

Macro Economic Events

Indicator Last Expected AsOn Next
CPI (YoY) (Jul)   [GB] 9.10 9.30 12/08/22 17/08/22
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)   [US] 0.90 0.80 09/08/22 11/08/22
Unemployment Rate (Jul)   [AU] 3.90 3.80 13/08/22 18/08/22
FX Reserves, USD   [IN] 573.9 573.0 16/08/22 19/08/22
Trade Balance (Feb)   [RU] 26.7 21.2 09/08/22 11/08/22
Trade Balance (Jul)   [JP] -1,399 -1,405 12/08/22 17/08/22
GDP (QoQ) (Q2)   [GB] 0.80 0.00 10/08/22 12/08/22
Foreign Bonds Buying   [JP] 37.8 827.0 13/08/22 18/08/22
French CPI (YoY)   [EU] 5.80 6.00 10/08/22 12/08/22
FX Reserves, USD   [IN] 571.6 573.9 10/08/22 12/08/22
GDP (QoQ) (Q2)   [EU] 0.60 0.20 12/08/22 17/08/22
Retail Sales (YoY) (Jul)   [US] 8.18 8.42 12/08/22 17/08/22
CPI (YoY) (Jul)   [EU] 8.60 8.60 13/08/22 18/08/22
German PPI (MoM) (Feb)   [EU] 1.60 1.30 16/08/22 19/08/22
Foreign Bonds Buying   [JP] 112.0 37.1 09/08/22 11/08/22
Inital Jobless Claims   [US] 248,000 262,000 13/08/22 18/08/22
Retail Sales (YoY) (Jul)   [GB] -4.70 -5.30 16/08/22 19/08/22
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

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
6.95% GS 2061 39 9000 7.64%- 7.66% 20/08/22 12:07 7.5998% 9000 Yield 12/08/22 19/08/22 22/08/22
7.74% APSDL 2038 16 500 7.82%- 7.84% 18/08/22 15:05 7.74% 500 Yield 12/08/22 18/08/22 19/08/22
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
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
6.69% GS 2024 2 4000 100.30- 100.35 20/08/22 12:04 100.18 4000 Yield 12/08/22 19/08/22 22/08/22
364 DTB 17/08/2023 364 D 5000 6.22%- 6.24% 18/08/22 10:33 6.1980% 5000 Yield 11/08/22 17/08/22 18/08/22
NEW GS 2032 10 13000 7.18%- 7.22% 20/08/22 12:06 7.26% 13000 Yield 12/08/22 19/08/22 22/08/22
7.60% TNSDL 2032 10 2000 7.62%- 7.64% 18/08/22 15:07 7.60% 2000 Yield 12/08/22 18/08/22 19/08/22
BRSDL 2032 10 1000 7.62%- 7.64% 18/08/22 15:06 7.65% 1000 Yield 12/08/22 18/08/22 19/08/22
7.10% GS 2029 7 7000 99.82- 99.87 20/08/22 12:05 99.70 7000 Yield 12/08/22 19/08/22 22/08/22
91 DTB 17/11/2022 91 D 9000 5.55%- 5.57% 18/08/22 10:32 5.5598% 9000 Yield 11/08/22 17/08/22 18/08/22
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
7.72% APSDL 2035 13 500 7.73%- 7.75% 18/08/22 15:04 7.72% 500 Yield 12/08/22 18/08/22 19/08/22
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
182 DTB 16/02/2023 182 D 7000 5.88%- 5.90% 18/08/22 10:33 5.9099% 7000 Yield 11/08/22 17/08/22 18/08/22

Credit Research: Exposures and Next IP Dates

National Bank For Agriculture & Rural Development

Non Convertible Debenture

Mahindra Rural Housing Finance Ltd.

Debenture