Bond yields edged lower on Thursday despite Finance Secretary T V Somanathan said that India's retail inflation is likely to ease by December as seasonal factors become more favourable.
In the global market, treasury yields inched down from multiyear highs on Wednesday after new jobs data showed tentative signs of a weakening labor market. Furthermore, Oil prices fell on Wednesday as worries grow about lower demand and a slowing economy.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.22% from its previous close of 7.23% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.25% from its previous close of 7.26% on Wednesday.