Bond yields edged higher on bit of selling activities ahead of key economic data - industrial production (IIP) numbers for December and retail inflation for January - to be released later in the day.
On the global front, US Treasury debt prices reversed early gains and turned lower on Wednesday after a news report that Greece had reached an agreement in principle with euro zone countries over its finances. Meanwhile, Brent hovered near $55 a barrel on Thursday after data showed U.S. crude stockpiles set a record for the fifth week in a row, renewing fears that supply is still far outpacing demand.
Back home, the yields on new 10 year Government Stock 2023 was trading 1 basis point higher at 7.74% from its previous close of 7.73% on Wednesday.
The benchmark five-year interest rate swaps were trading 3 basis points higher at 6.97% from its previous close of 6.94% on Wednesday.
The Reserve Bank of India will conduct overnight repo variable rate auction for a notified amount of Rs. 30,000 crore on February 9, 2015. The auction will be conducted between 12.00 pm and 12.30 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.