InvestorQ : What are the most actively traded debt instruments in the debt market segment in the negotiated trade reporting platform? Is it still the government paper market?
Debbie Mascarenhas made post

What are the most actively traded debt instruments in the debt market segment in the negotiated trade reporting platform? Is it still the government paper market?

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Crowny Pinto answered.
4 years ago
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As of now the government paper market continues to dominate the debt paper trading and also is the most liquid. Here we are including the long term government securities and the short term government treasury bills. Check the table below to get month-wise share of these instruments over the years.

Month

Govt. Dated Securities

T-Bills

PSU/ Institutional Bonds

Others

Govt. Dated Securities

T-Bills

PSU/ Institutional Bonds

Others

1

2

3

4

5

6

7

8

9

2010-11

2011-12

April

49.4

18.8

21.9

9.9

45.9

24.2

19.6

10.3

May

56.3

13.1

22.4

8.2

45.7

31.7

14.7

7.9

June

59.3

14.2

18.1

8.4

46.4

22.2

20.7

10.7

July

54.0

20.3

20.8

4.9

39.4

26.8

21.4

12.4

August

55.9

16.4

18.5

9.1

66.0

9.1

18.3

6.6

September

58.9

12.4

20.7

8.0

62.9

16.2

16.1

4.9

October

59.8

15.1

15.9

9.1

49.2

15.8

27.6

7.4

November

46.5

23.4

22.6

7.6

41.4

25.4

26.3

6.9

December

56.8

18.3

17.9

7.0

51.0

29.5

14.5

4.9

January

55.8

22.6

14.3

7.4

62.9

18.3

13.7

5.1

February

44.9

24.4

22.8

7.8

51.4

15.4

23.0

10.3

March

52.5

18.6

17.8

11.0

42.0

29.4

19.4

9.2

2012-13

2013-14

April

44.7

36.1

11.3

7.9

50.7

23.5

18.0

7.8

May

51.3

27.0

14.8

6.9

57.8

10.4

22.3

9.4

June

55.2

24.0

14.3

6.5

48.2

21.4

21.8

8.7

July

52.4

24.1

16.1

7.5

28.6

29.6

31.0

10.9

August

38.4

30.5

22.2

8.9

21.9

53.0

18.1

6.9

September

49.8

21.7

20.3

8.2

39.9

41.2

13.8

5.1

October

53.2

14.7

20.9

11.3

43.4

32.6

17.6

6.5

November

41.7

29.5

19.4

9.4

43.6

28.6

17.9

9.9

December

55.9

22.8

13.3

8.0

36.7

49.5

10.3

3.6

January

59.8

15.2

14.8

10.2

36.1

39.8

15.2

9.0

February

61.9

15.5

15.0

7.6

42.1

43.6

9.5

4.8

March

55.5

23.7

13.3

7.6

35.2

37.0

20.2

7.7

2014-15

2015-16

April

42.4

31.7

18.9

7.0

43.4

34.2

15.8

6.5

May

53.2

22.4

16.1

8.3

62.9

11.1

17.1

8.9

June

65.3

21.1

9.4

4.2

48.2

27.7

16.1

7.9

July

50.0

23.6

14.0

12.4

59.7

14.0

15.4

10.8

August

55.5

23.9

15.3

5.3

58.5

13.7

19.7

8.0

September

42.1

22.4

25.7

9.8

64.5

15.5

12.5

7.4

October

52.4

15.8

21.6

10.1

60.3

11.7

19.0

9.0

November

52.1

15.6

21.1

11.1

46.1

20.5

19.0

14.4

December

64.2

14.0

15.1

6.7

53.9

17.8

16.4

12.0

January

45.4

27.3

19.7

7.6

64.0

14.1

10.6

11.4

February

52.6

19.5

21.0

6.9

51.1

19.4

18.6

10.9

March

57.8

22.6

14.2

5.3

60.8

11.1

19.7

8.4

2016-17

2017-18

April

56.3

22.3

13.9

7.5

64.3

6.1

15.1

14.5

May

68.6

11.1

11.7

8.7

57.0

5.2

22.3

15.4

June

57.9

18.5

14.1

9.5

63.8

10.1

14.3

11.8

July

60.6

9.5

12.4

17.5

62.7

8.6

14.3

14.4

August

62.5

9.4

12.0

16.2

44.6

21.8

11.9

21.7

September

57.5

12.3

12.3

17.9

51.5

16.9

16.6

15.0

October

59.0

5.4

17.9

17.7

38.6

6.2

25.5

29.7

November

49.9

5.6

17.4

27.1

52.5

11.3

14.6

21.5

December

65.4

5.0

12.3

17.3

63.0

7.8

13.3

15.9

January

61.7

6.0

16.4

16.0

62.95

6.42

13.02

17.63

February

63.0

4.7

16.5

15.8

54.01

6.97

17.55

21.49

March

59.2

4.0

15.9

20.9

54.07

13.67

15.06

17.22

2018-19

April

56.4

8.6

14.7

20.3

May

61.3

3.9

18.9

16.0

June

49.5

14.5

15.9

20.1

July

52.9

11.9

20.1

15.2

August

46.2

17.8

14.6

21.4

September

45.0

20.5

18.2

16.3

October

55.3

18.5

11.9

14.4

November

52.8

27.8

7.2

12.2

December

44.5

31.0

8.7

15.8

As can be seen from the above table, the share of government paper consisting of long term government securities and treasury bills have been accounting for over 70% of the trades. However, the share of non-government and non-PSU institutional debt has increased. That could be due to increased participation of FPIs in corporate debt markets.

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