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?
Answer
Answer
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.