Bond yields traded flat on Wednesday amid data of the commerce ministry showed exports from special economic zones (SEZs) rose by over 4 per cent to $163.69 billion in 2023-24 even though the country's total shipments dipped by more than 3 per cent in the last fiscal. Exports from these zones stood at $157.24 billion in 2022-23 and $133 billion in 2021-22.
In the global market, treasury yields slipped on Tuesday as the Federal Reserve’s two-day monetary policy meeting started. Furthermore, oil prices settled slightly higher on Tuesday as the U.S. Energy Information Administration (EIA) raised its global oil demand growth forecast for the year, while OPEC stuck to its forecast for relatively strong growth in 2024.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.01% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.03% from its previous close of 7.02% on Tuesday.
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