Bond yields edged lower on Thursday as CareEdge Ratings in its latest report has said the India’s rural demand is vulnerable and could be further impacted by the ‘dual blows’ of lower income and high food inflation owing to an erratic monsoon.
In the global market, U.S. Treasury yields slipped on Wednesday after data showed slower growth than expected for the world's largest economy in the second quarter as well as a smaller increase in private jobs for August. Furthermore, Oil prices gained on Wednesday as U.S. government data showed tighter-than-expected crude supplies, while concerns about the Chinese economy limited gains.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.17% from its previous close of 7.18% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.16% from its previous close of 7.18% on Wednesday.