Bond yields edged lower on Thursday after the Reserve Bank of India (RBI) Governor, Shaktikanta Das has said that there is no scope for any complacency and banks should continue to maintain their vigil around build-up of risks, if any.
In the global market, U.S. Treasury yields eased on Wednesday as investors digested the latest inflation data and considered what it could mean for interest rates. Furthermore, Oil prices were holding steady after initially gaining on Wednesday as the Israel-Hamas conflict gained momentum in Lebanon, with Israel responding to a rocket barrage from Hezbollah by launching a series of strikes in southern Lebanon, sparking fears of an expanding war.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 7.08% from its previous close of 7.11% on Wednesday.
The benchmark five-year interest rates were trading 3 basis points lower at 7.07% from its previous close of 7.10% on Wednesday.