Bond yields trade lower on Tuesday amid the country's imports have soared by 5 per cent to reach $56.18 billion in June 2024 as compared to $53.51 billion in June 2023. The trade deficit, or the gap between imports and exports, during the month under review stood at $20.98 billion.
In the global market, treasury yields moved higher on Monday as investors bet on higher inflation under a potential reelection of Donald Trump in November. Furthermore, oil prices eased on Monday as worries about demand in top importer China offset supportive U.S. economic news, OPEC+ supply restraint and ongoing Middle East tensions.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.97% from its previous close of 6.98% on Monday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.94% from its previous close of 6.95% on Monday.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: