Bond yields edged flat on Thursday amid report that the government collected Rs 1.50 lakh crore as Goods and Services Tax (GST) in February. The GST collections for February down from Rs 1.58 lakh crore in January, which were the second-highest monthly collection ever under the indirect tax regime which was introduced in July 2017.
In the global market, U.S. Treasury yields rose on Wednesday as investors weighed the latest economic data and assessed the outlook for Federal Reserve policy. Furthermore, oil prices settled up slightly on Wednesday as signs of ample supply, including growing U.S. crude inventories, offset growing hopes for higher demand after a jump in manufacturing in top crude importer China.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.43% on Wednesday.
The benchmark five-year interest rates were trading 4 basis points higher at 7.45% from its previous close of 7.41% on Wednesday.