Bond yields traded flat on Wednesday after the data from the Department for Promotion of Industry and Internal Trade (DPIIT) has showed that foreign direct investment (FDI) equity inflows in India declined 24 per cent to $20.48 billion in April-September 2023 (first six months of current financial year).
In the global market, U.S. Treasury yields were little changed Tuesday as investors parsed minutes from the Federal Reserve’s latest meeting that showed no indication of an interest rate cut. Furthermore, oil prices ended near flat on Tuesday after rallying for two sessions, with investors cautious ahead of Sunday's scheduled OPEC+ meeting, when the producer group may discuss deepening supply cuts due to slowing global economic growth.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.26% on Tuesday.
The benchmark five-year interest rates were trading flat with its previous close of 7.29% on Tuesday.