Bond yields edged flat on Thursday amid the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
In the global market, Longer-dated U.S. Treasury yields fell on Wednesday after the U.S. Treasury Department saw solid demand for a $38 billion sale of 10-year notes, as investors waited on Thursday's highly anticipated consumer price inflation data for July. Furthermore, oil prices hit new peaks on Wednesday with the global Brent benchmark touching its highest since January after a steep drawdown in U.S. fuel stockpiles and Saudi and Russian output cuts offset concerns about slow demand from China.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.17% on Wednesday.
The benchmark five-year interest rates were trading flat with its previous close of 7.15% on Wednesday.