Bond yields traded higher on Thursday amid Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
In the global market, the yield on the 10-year Treasury continued its recovery Wednesday as global markets reverse course from a dramatic equity sell-off to start the week. Furthermore, U.S. crude oil futures on Wednesday bounced back from a six-month low as crude stockpiles fell and tensions remained high in the Middle East.
Back home, the yields on new 10 year Government Stock were trading 12 basis points higher at 6.98% from its previous close of 6.86% on Wednesday.
The benchmark five-year interest rates were trading 13 basis points higher at 6.90% from its previous close of 6.77% on Wednesday.
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