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Quarterly Report on Public Debt Management – Q4 FY 2018-19 (January to March 2019)

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..... Quarterly Report on Public Debt Management – Q4 FY 2018-19 (January to March 2019) - News and Press Release Dated:- 21-6-2019 - News - Ministry of Finance Posted On: 21 JUN 2019 6:52PM by PIB Delhi Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic Affairs, Ministry of Finance has b .....

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..... een bringing out a quarterly report on debt management on a regular basis. The current report pertains to the quarter Jan - March 2019 (Q4 FY 2019). During Q4 of FY19, the Central Government issued dated securities worth ₹ 1,56,000 crore as against ₹67,000 crore in Q4 of FY18. The weighted average maturity (WAM) of new issuances stood at 14.18 years in Q4 of .....

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..... FY19 (14.70 years in Q3 of FY 19). The weighted average yield (WAY) of issuances for the same quarter was 7.47 per cent compared to 7.82 per cent in Q3 of FY 19. The temporary cash flow mismatches were bridged through issuance of Cash Management Bills amounting to ₹60,000 crore during the quarter. The net average liquidity injection by RBI under Liquidity Adjustment Facility (LAF) including .....

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..... MSF was ₹52,364 crore during the quarter. The total liabilities (including liabilities under the Public Account ) of the Government, increased to ₹84,68,086 crore at end-March 2019 from ₹83,40,027 crore at end-December 2018. Public debt accounted for 89.5 per cent of total outstanding liabilities at end-March 2019. Nearly 28.27 per cent of the outsta .....

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..... nding dated securities had a residual maturity of less than 5 years. The holding pattern indicates a share of 40.5 per cent for commercial banks and 24.6 per cent for insurance companies by end-December 2018. G-Sec yields have softened in Q4 of FY19 with the decrease in weighted average yield of primary issuances to 7.47 per cent from 7.82 per cent in Q3 of FY 19 refle .....

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..... cting the impact of several developments namely decline in WPI and CPI inflation, reduction in the policy repo rate under the LAF by 25 bps, OMO purchase auction (sell/ buy/ swap) and narrowing of trade deficit during Feb-March 2019. The yield on 10-year benchmark G-Sec (7.26% GS 2029) closed at 7.35 per cent on March 29, 2018. Central Government dated securities continued to account for a major s .....

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..... hare of total trading volumes in the secondary market, with a share of 83 per cent in total outright trading volumes in value terms during Q4 of FY19. LINK **** DSM/RM/KM - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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