Bond yields edged flat on Tuesday amid Crisil in its report said that India Inc is likely to log 4-6 per cent revenue growth in the January-March quarter of 2023-24, marking the slowest quarterly growth since recovery from the Covid-19 pandemic which began in September 2021.
In the global market, U.S. bond yields were moving lower on Monday, as investors shifted their focus to this week's Federal Reserve meeting, which could see Chairman Jerome Powell turn hawkish. Furthermore, oil prices decreased on Monday amid ceasefire hopes in the Middle East and growing uncertainties over the timing of the US Federal Reserve's (Fed) interest rate cuts.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.19% on Monday.
The benchmark five-year interest rates were trading flat with its previous close of 7.20% on Monday.