Bond yields edged higher on Wednesday amid State Bank of India (SBI) projected a GDP growth of 4.6% for the December quarter, citing that as many as 30 high frequency indicators are not as robust as they were in the previous quarters.
In the global market, U.S. Treasury yields on Tuesday reached levels not seen in three months as traders continued to fret over the prospects of higher Federal Reserve rates. Furthermore, Oil prices fell on Tuesday as investors booked profits on the day's gains as continuing worries over the state of the world economy trumped supply restraints.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.41% from its previous close of 7.39% on Tuesday.
The benchmark five-year interest rates were trading 6 basis points higher at 7.41% from its previous close of 7.35% on Tuesday.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: