Bond yields edged lower on Thursday, ahead of the Reserve Bank of India’s repurchase of notes today.
In the global market, US Treasury yields fell on Wednesday with the yield curve hitting its flattest levels in over a week as the Federal Reserve signaled it would remain a gradual rate-hike path in response to solid economic growth. Furthermore, Oil prices rose by one percent as investors focused on the prospect of tighter markets due to US sanctions against major crude exporter Iran, which are set to be implemented in November.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 8.05% from its previous close of 8.07% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 8.12% from its previous close of 8.13% on Wednesday.
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