Bond yields traded higher on Thursday as commerce ministry in its latest data has showed that India's merchandise exports rose marginally by 0.5 per cent to $34.58 billion in September 2024 as against $34.41 billion a year ago. India's merchandise exports declined by 9.3 per cent year-on-year in August 2024.
In the global market, The 10-year U.S. Treasury yield wavered Wednesday as bond traders digested the latest comments from Federal Reserve officials this week. Furthermore, Oil prices held near a two-week low on Wednesday after dropping about 7% over the prior three days on forecasts for less oil demand growth and reduced concerns that Middle East conflicts will disrupt supply.
Back home, the yields on new 10 year Government Stock were trading 12 basis points higher at 6.89% from its previous close of 6.77% on Wednesday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.79% from its previous close of 6.68% on Wednesday.
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