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Bond yields trade higher on Friday

27 Dec 2024 Evaluate

Bond yields traded higher on Friday as Finance Ministry in its monthly review has said that India's economy is set to grow at around 6.5 per cent in FY25. The Finance Minister further said that the growth outlook for October to December appears bright, with rural demand remaining resilient and urban demand picking up in the first two months of the quarter.

In the global market, Treasury yields ended little-changed on Thursday after a blockbuster auction for freshly issued seven-year notes helped revive demand for U.S. government bonds in afternoon trading. Furthermore, Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oil importer.

Back home, the yields on new 10 year Government Stock were trading 12 basis points higher at 6.90% from its previous close of 6.78% on Thursday.

The benchmark five-year interest rates were trading 13 basis points higher at 6.86% from its previous close of 6.73% on Thursday.

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