Bond yields edged higher on Wednesday, as a private report stated that India’s GDP growth estimate to 5.3% from 6% amid a rash of similar actions, especially after the September quarter growth slowed to a 26-quarter low of 4.5%.
In the global market, US Treasury yields fell sharply on Tuesday, as tough trade talk from US President Donald Trump and other world leaders triggered a flight to safety among investors. Furthermore, Oil prices rose in advance of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market and following industry data showing that US crude stockpiles fell more than expected.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.47% from its previous close of 6.46% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 6.18% on Tuesday.
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