SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bond yields trade lower on Friday

23 Jun 2023 Evaluate

Bond yields traded lower on Friday as the minutes of the June MPC released by the central bank revealed that sounding a note of caution, RBI’s rate-setting panel member Jayanth R Varma opined that monetary policy is now dangerously close to levels at which it can inflict significant damage to the economy.

In the global market, U.S. Treasury yields rose on Thursday, as investors focused on hawkish comments from Federal Reserve Chair Jerome Powell that suggested interest rates could go higher still as the central bank grapples with stubbornly high inflation. Furthermore, Oil prices slumped on Thursday after Fed Chair Jerome Powell told Congress that further interest rate hikes are coming in the second half of the year after a pause last week.

Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 7.06% from its previous close of 7.08% on Thursday.

The benchmark five-year interest rates were trading 1 basis point lower at 7.02% from its previous close of 7.03% on Thursday.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×