Bond yields traded higher on Wednesday as India's exports grew by 52.39 per cent to $7.71 billion during the first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products.
In the global market yields, traders on Tuesday sent longer-term U.S. Treasury yields to their lowest in more than a month after a report showed small business owners less confident, and narrowing the spread of a closely watched part of the yield curve. Furthermore, oil prices rose for a second day on signs of strong fuel demand in Europe, while the prospect of a near-term return of Iranian oil supply faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.01% from its previous close of 6.00% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point higher at 5.52% from its previous close of 5.51% on Tuesday.