Bond yields traded higher on Thursday as India’s inflation based on wholesale price index (WPI) eased to 10.66% in the month of September as against 11.39% in August.
In the global market, Yields on shorter-term U.S. Treasuries rose on Wednesday, while longer-dated yields dipped following data on consumer prices that further fanned concerns inflation will continue to climb and force the Federal Reserve to take action. Furthermore, oil prices rose, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switch to oil to meet heating demand needs.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.32% from its previous close of 6.31% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point higher at 5.79% from its previous close of 5.78% on Wednesday
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