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Bond yields trade higher on Tuesday

15 Oct 2024 Evaluate

Bond yields traded higher on Tuesday even after India’s Consumer Price Index (CPI)-based -- retail inflation jumped to a nine-month high of 5.49 per cent in September 2024 from 3.65 per cent in August 2024, with soaring vegetable prices. The CPI was 5.02 per cent in September 2023. The previous high inflation rate was witnessed in December 2023 at 5.69 per cent.

In the global market, Oil prices fell on Monday and extended the losses after OPEC reduced its outlook for global oil demand growth in 2024 and 2025.

Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 6.88% from its previous close of 6.78% 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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