Bond yields edged higher on Wednesday due to selling pressure from banks and corporates ahead of GST debate in Rajya Sabha.
In the global market, US Treasury yields rose on Tuesday after Japan unveiled fiscal stimulus measures, dampening demand for U.S. government debt and sending long-dated U.S. yields to their highest levels in more than a week. Furthermore, Oil prices edged up early, supported by a weaker dollar, but U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.19% from its previous close of 7.17% on Tuesday.
The benchmark five year yields were trading 1 basis points higher at 7.08% from its previous close of 7.07% on Tuesday.
The Reserve Bank of India has announced the auction of 91-days and 364-days Government of India Treasury Bills for notified amount of Rs 9,000 crore and Rs 6,000 crore respectively. The auction will be conducted on August 03, 2016 using ‘Multiple Price Auction’ method.
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: