Bond yields edged flat on Tuesday amid Reserve Bank of India (RBI) in its latest data has showed that India's outward foreign direct investment (FDI) commitments rose by 7.8 per cent to $3.05 billion year-on-year in February 2024 as compared to $2.83 billion in February 2023. However, sequentially, the figure jumped by 38.4 per cent from $2.19 billion in January 2024.
In the global market, U.S. Treasury yields were little changed on Monday as investors looked ahead to the Federal Reserve’s March meeting, which could provide clues about the outlook for interest rates. Furthermore, oil prices climbed about 2% to a four-month high on Monday on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the U.S.
Back home, the yields on new 10 year Government Stock were trading flat its previous close of 7.08% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.08% from its previous close of 7.07% on Monday.
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