Bond yields edged flat on Tuesday after India’s industrial production growth slowed to 3.8 per cent in December 2023, mainly due to poor performance of mining and power generation segments.
In the global market, U.S. Treasury yields were slightly lower Monday as investors looked ahead to key economic data and fresh comments from Federal Reserve officials that could provide hints about the interest rate outlook. Furthermore, oil prices were largely flat Monday after rallying more than 6% last week on escalating Middle East tensions.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.09% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.08% from its previous close of 7.06% on Monday.