Bond yields traded higher on Tuesday despite commerce ministry in its latest data has showed that India's merchandise exports dipped by 4.85 per cent to $32.11 billion in November 2024 against $33.75 billion a year ago. India's merchandise exports had increased by 17.25 per cent to $39.2 billion in October this year.
In the global market, US Treasury yields dipped on Monday as investors waited for the Federal Reserve's interest rate decision due on Wednesday, when the US central bank is expected to cut rates by 25 basis points and signal that it will pause its policy easing cycle. Furthermore, Oil prices finished lower Monday as concerns over the outlook for energy demand were renewed by a batch of economic data in China that showed retail-sales growth unexpectedly weakened in November.
Back home, the yields on new 10 year Government Stock were trading 13 basis points higher at 6.87% from its previous close of 6.74% on Monday.
The benchmark five-year interest rates were trading 13 basis points higher at 6.79% from its previous close of 6.66% on Monday.
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