Bond yields traded higher on Thursday despite SBI report stated that they see Q2 real GDP growth slowing down further to 6.5 per cent in the September quarter of this fiscal year. Amid concerns over the country's economic growth rate and if it is slowing down, it said they expect FY25 growth to come closer to 7 per cent.
In the global market, U.S. Treasuries fell sharply on Wednesday, propelling yields to multi-month highs as Donald Trump's presidential election victory ignited bets on economic policy shifts that could boost deficits and inflation. Furthermore, oil prices settled lower on Wednesday as investors weighed a strong U.S. dollar against the potential that U.S. President-elect Donald Trump's foreign-policy plans could squeeze global oil supply.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.90% from its previous close of 6.79% on Wednesday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.88% from its previous close of 6.77% on Wednesday.
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