Bond yields traded flat on Thursday as Minister of State for Finance Jayant Sinha said that meeting 1 April 2016 deadline for goods and services tax (GST) rollout seems to be challenging amid ongoing political turbulence. Investors overlooked the report of Indirect tax collection in November rising 24.3 per cent to Rs 55,297 crore on the back of growth in excise mobilisation, reflecting an uptick in industrial activity.
In the global market, U.S. Treasury debt prices rose on Wednesday in thin volume, as a fall in oil prices and on the stock market prompted investors to seek safe-haven government bonds. Furthermore, Crude oil prices edged higher supported by a fall in U.S. crude inventories after 10 straight weeks of builds, but a global oversupply and cheap oil are still dominating the broader market.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.77% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.78% from its previous close at 7.80% on Wednesday.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: