Bond yields traded higher on Wednesday, as traders remain concerned with data showing that merchandise export growth slowed for a second straight month to just 0.34% in December 2018, while imports contracted by 2.44%, the first drop since September 2016, narrowing trade deficit to $13.1 billion, its lowest since February 2018.
In the global market, US Treasury yields edged higher in choppy trading on Tuesday on prospects for a resolution concerning Britain's exit from the European Union despite being rejected by British lawmakers. Furthermore, Oil prices dipped on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel.
Back home, the yields on new 10 year Government Stock were trading 8 basis points higher at 7.55% from its previous close of 7.47% on Tuesday.
The benchmark five-year interest rates were trading 10 basis points higher at 7.38% from its previous close of 7.28% on Tuesday.
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: