Bond yields traded higher on Wednesday amid a private projected India's GDP to grow at 6.5-6.8 per cent in the current fiscal and said India will have to adapt to the evolving global landscape and harness its domestic strengths to drive sustainable growth.
In the global market, 10-year Treasury yield slid on Tuesday, as investors digested President Donald Trump's return to the White House and a slew of new executive orders. Furthermore, Oil prices fell on Tuesday as investors assessed US President Donald Trump's plans to apply new tariffs later than expected while boosting oil and gas production in the United States.
Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 6.83% from its previous close of 6.73% on Tuesday.
The benchmark five-year interest rates were trading 10 basis points higher at 6.77% from its previous close of 6.67% on Tuesday.