Bond yields edged lower on Thursday after commerce ministry in its latest data has showed that India's Merchandise exports dipped by 8.8 per cent to $33.88 billion in February 2023 as compared to $37.15 billion in the same month last year due to a slowdown in global demand.
In the global market, U.S. Treasury yields fell Wednesday as a downturn in Credit Suisse once again pressured bank shares, prompting a flight to traditionally safer bonds. Furthermore, Oil prices fell sharply Wednesday, as traders feared a brewing banking crisis could dent global economic growth.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.35% from its previous close of 7.36% on Wednesday.
The benchmark five-year interest rates were trading 9 basis points higher at 7.31% from its previous close of 7.22% on Wednesday.