Bond yields edged lower on Thursday as caution prevailed ahead of U.S. inflation data due later in the day that might influence the Fed rate outlook. Besides, World Economic Forum report said a cost of living crisis, digital inequality, geopolitical contest for resources, natural disasters and extreme weather events are the biggest risks for India over the short and medium term.
In the global market, U.S. Treasury yields declined on Wednesday as traders readied for key economic data coming later this week that could provide fresh insights into the state of the U.S. economy. Furthermore, Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an unexpected build in U.S. crude and fuel inventories, global economic uncertainty and China reopening its economy.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.28% from its previous close of 7.29% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.14% from its previous close of 7.15% on Wednesday.
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