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Bond yields trade higher on Tuesday

07 Jan 2025 Evaluate

Bond yields traded higher on Tuesday after domestic rating agency ICRA’s report stated that securitization volumes jumped 80 per cent on-year to Rs 68,000 crore in the December quarter (Q3FY25), and has also upped its estimates on total volumes for this financial year (FY25).

In the global market, 10-year U.S. Treasury yield moved higher on Monday ahead of a series of key jobs data set to be published throughout the week. Furthermore, oil prices eased in volatile trade on Monday as some bearish economic news from the United States and Germany offset bullish support from a weaker U.S. dollar and forecasts for increased heating demand for energy from a winter storm.

Back home, the yields on new 10 year Government Stock were trading 9 basis points higher at 6.85% from its previous close of 6.76% on Monday.

The benchmark five-year interest rates were trading 10 basis points higher at 6.79% from its previous close of 6.69% on Monday.

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