Bond yields edged lower on Thursday after Department for Promotion of Industry and Internal Trade in its latest data has showed that foreign direct investment (FDI) into India declined by 15 per cent to $36.75 billion during the April-December period of this fiscal year 2022-23 (FY23), as compared to the FDI inflows of $43.17 billion during the corresponding period of the previous year.
In the global market, U.S. Treasury yields fell on Wednesday as investors weighed the Federal Reserve’s latest meeting minutes. Furthermore, oil prices settled lower on Wednesday as investors became more concerned that recent data will prompt more aggressive interest rate increases by central banks, pressuring economic growth and fuel demand.
Back home, the yields on new 10 year Government Stock were trading 3 basis point lower at 7.39% from its previous close of 7.42% on Wednesday.
The benchmark five-year interest rates were trading flat with its previous close of 7.41% on Wednesday.