Bond yields trade flat on Tuesday amid rating agency Crisil’s report stating that securitisation volume rose to Rs 45,000 crore in the first quarter of the current fiscal (Q1FY25), marking a around 17% on-year, like-to-like growth (adjusted for the exit of a large HFC and regulatory measures on gold loan securitisation).
In the global market, The U.S. 10-year Treasury yield was little changed on Monday as investors looked ahead to key economic data due throughout the week, including fresh inflation insights. Furthermore, U.S. crude oil futures fell 1% on Monday as traders assessed the impact of Tropical Storm Beryl on Gulf Coast refining, production and export infrastructure.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.98% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.99% from its previous close of 6.98% on Monday.