Yields have increased significantly across various debt instruments over the past year. The 1-year government security yield rose by 280 basis points to 7.12%, the 3-year yield increased by 156 basis points to 7.23%, and the 10-year yield grew by 53 basis points to 7.35% over the last year. Similarly, the 1-year commercial paper rate rose by 282 basis points to 8.02%, the 1-year certificate of deposit grew by 305 basis points to 7.75%, and the 1-year AAA corporate bond yield increased by 275 basis points to 7.75% compared to the last day of the previous fiscal year.

1. *Weighted average yields for T-bill and G-sec data. 1 year G-Sec: 7.68% CGL 2023; 3 year G-Sec: 5.63% CGL 2026; 5 year G-Sec: 7.38% CGL 2027; 10
year G-Sec: 7.26% GS 2032. CP: Commercial Paper; CD: Certificate of Deposit; CB: Corporate Bond; Gilt: Government Securities. Source: CRISIL
Research. Past performance may or may not be sustained in future.
The information contained herein is only for the purpose of information and not for distribution and do not constitute an offer to buy or sell or solicitation of any offer to buy or
sell any securities or financial instruments in the United States of America (“US”) and/or Canada or for the benefit of US persons (being persons falling within the definition of
the term “US Person” under the US Securities Act, 1933, as amended) or persons residing in Canada.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Update on Yield Movements
DEBT WATCH
Particulars
Latest 1 Day Ago 1 Week Ago 1 Month Ago
Last Day of
FY22
Change (bps)
15-Feb-23 14-Feb-23 09-Feb-23 15-Dec-22 31-Mar-22 In a Day In a Week In a Month
From
Last Day
of FY22
Call Rate 5.75% 5.75% 5.75% 5.75% 3.00% 0 0 0 275
Repo 6.50% 6.50% 6.50% 6.25% 4.00% 0 0 25 250
1 Year Gilt 7.12% 7.11% 7.04% 6.71% 4.32% 1 8 41 280
3 Years Gilt 7.23% 7.26% 7.18% 7.07% 5.67% -3 5 16 156
5 Years Gilt 7.29% 7.31% 7.26% 7.13% 6.09% -2 3 16 120
10 Years Gilt 7.35% 7.37% 7.34% 7.27% 6.82% -2 1 8 53
91 Days T-bill 6.70% 6.68% 6.69% 6.38% 3.78% 2 1 32 292
182 Days T-bill 7.06% 7.02% 6.98% 6.71% 4.21% 4 8 35 285
364 Days T-bill 7.13% 7.12% 7.03% 6.85% 4.56% 1 10 28 257
1 Month CP 6.90% 6.81% 7.00% 7.09% 4.25% 9 -10 -19 265
3 Months CP 7.61% 7.57% 7.47% 7.15% 4.35% 4 14 46 326
6 Months CP 7.85% 7.80% 7.80% 7.65% 4.69% 5 5 20 316
1 Year CP 8.02% 8.06% 8.02% 7.90% 5.20% -4 0 12 282
1 Month CD 6.70% 6.67% 6.80% 6.80% 3.70% 3 -10 -10 300
3 Months CD 7.33% 7.29% 7.19% 6.87% 3.85% 4 14 46 348
6 Months CD 7.62% 7.61% 7.63% 7.32% 4.28% 1 -1 30 334
1 Year CD 7.75% 7.75% 7.74% 7.55% 4.70% 0 1 20 305
1 Year AAA CB 7.75% 7.75% 7.70% 7.53% 5.00% 0 5 22 275
3 Year AAA CB 7.73% 7.73% 7.70% 7.55% 5.80% 0 3 18 193
5 Year AAA CB 7.73% 7.73% 7.70% 7.55% 6.30% 0 3 18 143
10 Year AAA CB 7.80% 7.80% 7.77% 7.66% 7.13% 0 3 14 67
1 Year AA CB 9.63% 9.63% 9.58% 9.41% 7.12% 0 5 22 251
3 Year AA CB 9.61% 9.61% 9.58% 9.43% 7.92% 0 3 18 169
5 Year AA CB 10.30% 10.30% 10.27% 10.12% 9.00% 0 3 18 130
10 Year AA CB 10.37% 10.37% 10.34% 10.23% 9.83% 0 3 14 54
1 Year A+ CB 11.61% 11.61% 11.56% 11.39% 9.12% 0 5 22 249
3 Year A+ CB 11.59% 11.59% 11.56% 11.41% 9.92% 0 3 18 167
5 Year A+ CB 12.28% 12.28% 12.25% 12.10% 11.00% 0 3 18 128
10 Year A+ CB 12.35% 12.35% 12.32% 12.21% 11.83% 0 3 14 52
US 10 Year Yield 3.81% 3.76% 3.68% 3.45% 2.33% 5 13 36 148