Bond yields traded higher on Tuesday even as Inflation based on wholesale price index (WPI) in India surged in the month of December 2024 to 2.37% as compared to 1.89% in November 2024, due to increase in prices of non-food articles, electricity and coal.
In the global market, the 10-year Treasury yield touched a fresh 14-month high as investors looked ahead to key inflation prints. Furthermore, Oil prices eased on Tuesday but remained near four-month highs as the impact of fresh U.S. sanctions on Russian oil remained the market's main focus, ahead of U.S. inflation data this week.
Back home, the yields on new 10 year Government Stock were trading 12 basis points higher at 6.96% from its previous close of 6.84% on Monday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.92% from its previous close of 6.81% on Monday.
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