Bond yields traded higher on Wednesday as S&P Global Ratings in its India outlook for 2025 has said the Indian economy is set for ‘resilient growth’ in 2025 and projected inflation pressure to recede which will lead to ‘modest’ easing of the monetary policy by the RBI.
In the global market, U.S. Treasury yields rose on Tuesday as investors await fresh inflation data due later this week. Furthermore, oil prices rose on Tuesday as markets looked to rising demand in China, the world's largest buyer, and possible tight supply in Europe this coming winter and away from the overthrow of Syria's president.
Back home, the yields on new 10 year Government Stock were trading 12 basis points higher at 6.82% from its previous close of 6.70% on Tuesday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.74% from its previous close of 6.63% on Tuesday.
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