Bond yields edged higher on Friday after Finance Ministry has said that Goods and Services Tax (GST) revenues rose by 11 per cent to about Rs 1.46 lakh crore in November 2022 over Rs 1,31,526 crore GST revenues in the same month last year. This is the ninth straight month when collections from GST has remained above Rs 1.40 lakh crore. Besides, In October 2022 the collection was highest at Rs 1.52 lakh crore.
In the global market, Treasury yields pulled back sharply on Thursday following softer-than-expected inflation data and as investors awaited Friday’s jobs data. Furthermore, oil prices settled largely narrowly mixed on Thursday, retreating from an early rally built on dollar weakness and hopes for improved fuel demand in China after COVID-19 curbs were eased in two major Chinese cities.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.22% from its previous close of 7.21% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.07% from its previous close of 7.06% on Thursday.
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: