Bond yields traded lower on Thursday even after Minister of State for Commerce and Industry Som Parkash informed the Lok Sabha that in the last six financial years (2014-20), India has received FDI inflow worth USD 358.30 billion which is 53 per cent of the FDI reported in the last 20 years (USD 681.87 billion).
In the global market, U.S. Treasury yields rose and the yield curve steepened on Wednesday amid stronger economic data and a push in Washington to pass a massive relief plan to aid the coronavirus-battered economy. Oil prices edged higher after the OPEC+ alliance of major producers stuck to a reduced output policy at a meeting on Wednesday, and as crude stockpiles in the United States fell to their lowest levels since March last year.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.07% from its previous close of 6.08% on Wednesday.
The benchmark five-year interest rates were trading 4 basis points lower at 5.49% from its previous close of 5.53% on Wednesday.