Bond yields edged higher on Wednesday as worries abated over contagion in the U.S. banking sector and in-line inflation data cooled expectations regarding the size of the rate hike at next week's FOMC meeting.
In the global market, the yield on the 2-year Treasury note climbed on Tuesday, rebounding after posting its biggest three-day slide since 1987 as investors flocked to safety in the wake of Silicon Valley Bank’s collapse. Furthermore, oil prices dropped to a three-month low on Tuesday after a U.S. inflation report and the recent U.S. bank failures sparked fears of a fresh financial crisis that could reduce future oil demand.
Back home, the yields on new 10-year Government Stock were trading 2 basis points higher at 7.39% from its previous close of 7.37% on Tuesday.
The benchmark five-year interest rates were trading 15 basis points higher at 7.39% from its previous close of 7.24% 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: