Bond yields traded flat on Thursday amid Asian Development Bank (ADB) said India’s stronger-than-expected fiscal position could provide a further boost to its growth, while keeping the Gross Domestic Product (GDP) growth projection for the current financial year (FY25) unchanged at 7 per cent.
In the global market, U.S. Treasury yields were little changed on Wednesday as investors considered the state of the economy and outlook for interest rates. Furthermore, oil prices climbed on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.96% on Tuesday.
The benchmark five-year interest rates were trading flat with its previous close of 6.93% on Tuesday.