Bond yields traded lower on Thursday as investors turned optimistic on hope that Reserve Bank of India (RBI) will buy more bonds. The bonds staged a smart rebound following renewed demand from corporates and banks, after the Reserve Bank of India slashed key policy rates.
In the global markets, U.S. Treasury yields rose from one-month lows on Wednesday, led by longer-dated bonds as a rebound in oil and stock prices prompted investors to sell safe-haven government debt. Furthermore, Crude prices extended gains in Asia Thursday following a sizeable drop in US stockpiles, the first decline in seven weeks, indicating stronger demand in the world's top oil consumer.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.45% from its previous close at 7.46% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.41% from its previous close at 7.43% 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: