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.