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Bond yields edge marginally higher on Thursday

22 Dec 2022 Evaluate

Bond yields edged marginally higher on Thursday, after the Reserve Bank of India's latest monetary policy meeting minutes showed the central bank raising concerns over inflation.

In the global market, the yield on the 2-year U.S. Treasury note dipped Wednesday as global bond markets stabilized following the previous session’s sell-off on the back of a surprise policy shift from the Bank of Japan. Furthermore, Oil prices climbed for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States and travel is set to soar for its holiday season.

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 Wednesday.

The benchmark five-year interest rates were trading 3 basis points higher at 7.19% from its previous close of 7.16% on Wednesday.

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