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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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The RBI will today auction a total INR 320bn of securities from four lines

  • INR 110bn of 5.63% 2026 bonds (prev. sale on Apr 23 was cancelled, April 9 sale drew yield of 5.63%, bid/cover 2.25)
  • INR 40bn of floating 2033 bonds (prev. sale on Apr 23, yield 4.9309%, bid/cover 3.75)
  • INR 100bn of 6.64% 2035 bonds (prev. sale on Apr 23, yield 6.7625%, bid/cover 2.65)
  • INR 70bn of 6.67% 2050 bonds (prev. sale on Apr 23, yield 6.8000%, bid/cover 3.40)
  • Yields fell yesterday as the RBI conducted INR 100bn operation twist, under the operation the bank filled its whole allocation with 5.85% 2030 bonds and did not buy any of the 2026 or 2028 bonds. The cut off yield came in at 5.97%, slightly lower than expected. The focus in the 10-year sector should help support demand at today's auction.