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Bond yields trade higher on Wednesday

27 Nov 2024 Evaluate

Bond yields traded higher on Wednesday as markets awaited guidance on future interest rates from both India and the US. 

In the global market, U.S. Treasury yields advanced on Tuesday as investors analyzed latest Federal Reserve meeting minutes and key economic data due this week. Furthermore, Oil prices steadied in early trade on Wednesday, with markets assessing the potential impact of a ceasefire deal between Israel and Hezbollah, and ahead of Sunday’s OPEC+ meeting.

Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.93% from its previous close of 6.82% on Tuesday.

The benchmark five-year interest rates were trading 11 basis points higher at 6.90% from its previous close of 6.79% on Tuesday. 


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