Bond yields edged higher on Wednesday with commerce and industry minister Piyush Goyal’s statement that the proposed free trade agreement (FTA) between India and the UK is a high priority for both the countries and the next round of negotiations for the pact is slated to happen next month.
In the global market, U.S. Treasury yields ticked down Tuesday as investors weighed Federal Reserve speaker comments for hints about future interest rate policy and the central bank’s view on the state of the U.S. economy.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.29% from its previous close of 7.28% on Tuesday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.18% from its previous close of 7.16% on Tuesday.