SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bond yields trade higher on Thursday

26 Sep 2024 Evaluate

Bond yields traded higher on Thursday as the Organisation for Economic Co-operation and Development (OECD) in its latest Interim Economic Outlook stated that Indian economy is likely log faster growth at 6.7 percent in fiscal year 2024-25 (FY25) compared with 6.6 percent projected earlier in May. 

In the global market, U.S. Treasury yields rose on Wednesday as investors stuck to the view that the Federal Reserve will be able to create a soft landing for the U.S. economy.  Furthermore, oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world's biggest crude exporter, will give up on its price target in preparation for raising output.

Back home, the yields on new 10 year Government Stock were trading 9 basis points higher at 6.82% from its previous close of 6.73% on Wednesday.

The benchmark five-year interest rates were trading 10 basis points higher at 6.77% from its previous close of 6.67% on Wednesday.


About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×