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Bond yields edges higher on Thursday

08 Dec 2022 Evaluate

Bond yields edged higher on Thursday as Minister of State for Commerce and Industry Som Parkash said that the reforms taken by Government have resulted in increased Foreign Direct Investment (FDI) inflows in the country. FDI inflows in India stood at $45.15 billion in 2014-2015 and have continuously increased since then, and India registered its highest ever annual FDI inflow of $84.84 billion (provisional figures) in the financial year 2021-22.

In the global market, Treasury yields pulled back Wednesday as investors pondered the outlook for the U.S. economy and weighed more economic data that could impact the Federal Reserve’s monetary policy plans.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.27% from its previous close of 7.26% on Wednesday.

The benchmark five-year interest rates were trading 3 basis points lower at 7.16% from its previous close of 7.13% on Wednesday.

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