Bond yields edged higher on Wednesday as investors are eyeing India’s Q2 GDP numbers set to be announced later in the day by the Finance Ministry.
In the global market, U.S. Treasury yields rises on Tuesday as investors closely watched Covid developments in China and digested comments from Federal Reserve officials on monetary policy plans. Oil prices rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set to have a key meeting this week.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.29% from its previous close of 7.27% on Tuesday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.15% from its previous close of 7.13% on Tuesday.