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Bond yields edge flat on Friday

26 Apr 2024 Evaluate

Bond yields edged flat on Friday amid United Nations Conference on Trade and Development (UNCTAD) in its latest report has said that India's services exports jumped 11.4 per cent to $345 billion in 2023 despite global economic uncertainties, while China's shipments from the sector contracted by 10.1 per cent to $381 billion. Sectors that contribute to India's services export growth include travel, transport, medical and hospitality.

In the global market, U.S. Treasury yields rose on Thursday after the first-quarter GDP report showed slowing growth and rising consumer prices. Furthermore, crude oil futures rose Thursday as the market weighed disappointing U.S. economic growth against a potential geopolitical risk from a looming Israeli invasion of the southern Gaza city of Rafah.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.20% on Thursday. 

The benchmark five-year interest rates were trading flat with its previous close of 7.20% on Thursday.

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