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Bond yields edge lower on Monday

05 Dec 2022 Evaluate

Bond yields edged lower on Monday even after Economic Advisory Council member Sanjeev Sanyal stated that India is capable of sustaining an economic growth of 9 per cent for many years, even as he asserted that a high sustained GDP growth rate is key for the world to achieve the 2030 Sustainable Development Goals (SDGs).

In the global market, treasury yields pulled back from an earlier pop on Friday as investors looked beyond stronger-than-expected labor data.

Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.21% from its previous close of 7.22% on Friday.

The benchmark five-year interest rates were trading 1 basis point higher at 7.08% from its previous close of 7.07% on Friday.

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