Bond yields edged flat on Wednesday after World Bank has revised its earlier projection of Indian economy growth by 1.2 per cent to 7.5 per cent for FY23/24.
In the global market, the 10-year Treasury note yield jumped Tuesday, adding to its gains from the previous session, as traders reassessed the possibility of the Federal Reserve cutting rates in June. Furthermore, oil prices on Tuesday rose to their highest level since October as investors closely monitored fresh supply threats amid an escalating conflict in the Middle East and a Ukrainian drone strike on a major Russian oil refinery.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.10% on Tuesday.
The benchmark five-year interest rates were trading flat with its previous close of 7.09% on Tuesday.