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Bond yields trade higher on Thursday

21 Nov 2024 Evaluate

Bond yields traded higher on Thursday despite domestic rating agency Icra has said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance.

In the global market, U.S. Treasury yields rose on Wednesday as investors considered the geopolitical situation and assessed the latest economic data. Furthermore, Oil prices settled lower on Wednesday after U.S. crude and gasoline stocks rose by more than expected last week, but losses were capped by worries about the intensifying war between major oil producer Russia and Ukraine.

Back home, the yields on new 10 year Government Stock were trading 13 basis points higher at 6.94% from its previous close of 6.81% on Tuesday.

The benchmark five-year interest rates were trading 13 basis points higher at 6.91% from its previous close of 6.78% on Tuesday.

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