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Bond yields trade higher on Thursday

02 Jan 2025 Evaluate

Bond yields traded higher on Thursday as government data has showed that the gross Goods and Services Tax (GST) collection rose 7.3 per cent year-on-year to Rs 1.77 lakh crore in December 2024 as compared to Rs 1.65 lakh crore in the same month a year ago despite significant increase in both domestic and export refunds. In the global market, crude oil prices on Wednesday climbed Rs 4 to Rs 6,162 per barrel in futures trade as participants increased their positions following a firm spot demand.

Back home, the yields on new 10 year Government Stock were trading 13 basis points higher at 6.90% from its previous close of 6.77% on Wednesday.

The benchmark five-year interest rates were trading 11 basis points higher at 6.83% from its previous close of 6.72% on Wednesday.

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