Bond yields traded flat on Thursday after I-T department has said income tax refunds of over Rs 1,44,328 crore have been issued to 1.38 crore taxpayers from April 01, 2021 to December 20, 2021 of this fiscal. This includes 99.75 lakh refunds of Assessment Year (AY) 2021-22 (fiscal ended March 31, 2021) amounting to Rs 20,451.95 crore.
In the global market, Longer-term U.S. Treasury yields were lower on Wednesday, flattening the yield curve, as traders seemed to discount the threat of persistent inflation. Furthermore, oil prices rose on Wednesday after a larger-than-expected drawdown in U.S. inventories, shaking off worries about the likely hit to economic activity from the spread of the Omicron coronavirus variant.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.46% on Wednesday.
The benchmark five-year interest rates were trading flat with its previous close of 5.82% on Wednesday.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: