Bond yields edged lower on Thursday, as traders remain optimistic with Reserve Bank of India study which showed that Private sector non-finance firms reported a 41 per cent growth in net profits during the July-September quarter, despite higher expenditure as other income contributed to growth.
In the global market, US government debt yields edged higher on Wednesday as equities recovered some of the steep losses seen from Monday. Furthermore, Oil fell on Thursday after soaring 8% in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.25% from its previous close of 7.26% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.18% from its previous close of 7.16% on Wednesday.