Bond yields edged flat on Thursday amid Foreign direct investment (FDI) inflows in India declined 13 per cent to $32.03 billion in April-December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors.
In the global market, treasuries yields edged lower on Wednesday after solid economic growth in the fourth quarter barely budged bonds as investors await key inflation data that could provide new insight into when the Federal Reserve cuts interest rates. Furthermore, oil prices fell on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.06% on Wednesday.
The benchmark five-year interest rates were trading with its previous close of 7.04% on Wednesday.