Bond yields traded higher on Friday even after data showing that India's merchandise trade deficit rose to its highest level since December 2022 to $22.12 billion in May. India's exports in the month of May declined 10.3 per cent to $34.98 billion while imports fell 6.6 per cent to $57.1 billion.
In the global market, U.S. Treasury yields were lower on Thursday as investors digested a flurry of economic data and the repercussions from the latest policy statement from the Federal Reserve on Wednesday afternoon. Furthermore, Oil prices gained on Thursday on a weaker U.S. dollar and a jump in refinery runs in top crude importer China.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.05% from its previous close of 7.03% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.99% from its previous close of 6.98% on Thursday.
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: