Bond yields edged flat on Thursday ahead of the RBI policy announcements on December 8. A private report expects the repo rate to remain unchanged and sees RBI maintaining a hawkish tone.
In the global market, the 10-year U.S. Treasury yield slid on Wednesday as investors assessed the state of the economy after the release of labor market data while awaiting a key report due Friday. Furthermore, oil prices fell nearly 4% on Wednesday to their lowest settlements since June, as worries about global fuel demand mounted after U.S. data showed a larger-than-expected rise in gasoline inventories.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.24% on Wednesday.
The benchmark five-year interest rates were trading flat with previous close of 7.22% on Wednesday.