Bond yields edged lower on Monday after unemployment rate in India jumped to 7.77 per cent in October 2022 as compared to 6.43 per cent in September 2022 on the account of a sharp increase in rural unemployment.
In the global market, treasury yields climbed on Friday as investors digested further commentary from the Federal Reserve and economic data that showed a drop in jobless claims. Furthermore, Oil prices fell after Chinese health officials on the weekend reiterated their commitment to a stringent COVID containment approach, dashing hopes of a rebound in oil demand from the world's top crude importer.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 7.44% from its previous close of 7.46% on Friday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.41% from its previous close of 7.42% on Friday.
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: