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Bond yields trade higher on Friday

17 Feb 2023 Evaluate

Bond yields were trading higher on Friday after economic think tank Global Trade Research Initiative (GTRI) in its report has said that India’s merchandise exports have recorded a healthy growth in both value and volume terms in 2022. The outbound shipments rose by 14.6 per cent year-on-year to $453.3 billion in 2022.

In the global market, U.S. Treasury yields were mixed on Thursday after January’s wholesale prices report showed higher-than-expected inflation. Furthermore, oil prices settled slightly lower on Thursday after trading in a narrow range as the market weighed mixed U.S. economic signals and prospects for a Chinese demand recovery with a build in U.S. crude stockpiles.

Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 7.37% from its previous close of 7.34% on Thursday.

The benchmark five-year interest rates were trading 3 basis points higher at 7.35% from its previous close of 7.32% on Thursday.

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