SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bond yields trade higher on Friday

15 Sep 2023 Evaluate

Bond yields traded higher on Friday as Financial services secretary Ajay Seth said the total revenue from corporate and excise tax collections is expected to be in line with budget estimates for the current fiscal year (FY24).

In the global market, Treasury yields edged higher on Thursday as concerns receded a bit about hotter-than-expected U.S. retail sales and producer prices in August as much of the rising costs were driven by a surge in gasoline prices that could wane in coming months. Furthermore, oil prices jumped on Thursday, with U.S. crude topping $90 a barrel, as expectations of a tighter supply grew.

Back home, the yields on new 10 year Government Stock were trading 4 basis points higher at 7.14% from its previous close of 7.10% on Thursday.

The benchmark five-year interest rates were trading 6 basis points higher at 7.16% from its previous close of 7.10% 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:

×