Bond yields traded flat on Thursday, as the RBI left key policy repo rate unchanged at 6%. Likewise, it has left the reverse repo rate at 5.75%, while the cash reserve ratio too has been left unchanged at 4%.
In the global market, U.S. Treasury yields fell across the board on Wednesday as risk appetite slid after a sell-off in some foreign equity markets, with further pressure coming from a batch of largely underwhelming U.S. economic data and geopolitical risks. Furthermore, Oil prices inched up on a decrease in U.S. crude inventories, but rising gasoline stocks and crude production weighed on the market.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.03% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.88% from its previous close of 6.87% on Wednesday.