Bond yields traded flat on Wednesday amid commerce ministry's preliminary data stating that India's exports grew 17.27 per cent to $14.22 billion during March 1-14 as compared to the year-ago period, showing healthy signs of revival. The key sectors which recorded a healthy growth in exports include engineering, rice, gems and jewellery.
In the global market yields, U.S. Treasury yields on the longer end of the curve rose on Tuesday despite strong demand for a 20-year bond auction, while uncertainty around the Federal Reserve's two-day policy meeting sidelined some participants. Furthermore, oil prices slipped for a fourth day on worries about rocky demand in Europe, even as hopes of a recovery in U.S. refinery activity were boosted by industry data that showed U.S. crude stockpiles unexpectedly fell last week.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.18% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point higher at 5.83% from its previous close of 5.82% on Tuesday.