Bond yields traded higher on Thursday as traders eye on India’s GDP growth data for the latest July-September 2024 quarter (Q2 FY25) to be released on Friday.
In the global market, Treasury yields slid and prices rose on Wednesday as a key inflation reading met market expectations. Furthermore, Oil prices edged lower in Asian trading on Thursday, after a surprise jump in U.S gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand in the top consumer of the motor fuel.
Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 6.91% from its previous close of 6.81% on Wednesday.
The benchmark five-year interest rates were trading 10 basis points higher at 6.88% from its previous close of 6.78% on Wednesday.
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