Bond yields traded higher on Tuesday as S&P Global Ratings retained India's growth forecast at 6.8 per cent for the current fiscal and said it expects the RBI to start cutting interest rates in its October monetary policy review.
In the global market, the 10-year U.S. Treasury yield was higher Monday as investors assessed the growth outlook following the Federal Reserve’s jumbo rate cut last week. Furthermore, The 10-year U.S. Treasury yield was higher Monday as investors assessed the growth outlook following the Federal Reserve’s jumbo rate cut last week.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.87% from its previous close of 6.76% on Monday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.79% from its previous close of 6.68% on Monday.
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