Bond yields traded higher on Friday as All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) for December 2024 eased to 5.01 per cent and 5.05 per cent from 5.35 per cent and 5.47 per cent, respectively, in November 2024. In the same month last year (December 2023), retail inflation for farm and rural workers was 7.71 per cent and 7.46 per cent, respectively.
In the global market, The 10-year Treasury yield edged higher on Thursday as investors parsed President Donald Trump’s speech at the World Economic Forum in Davos, Switzerland. Furthermore, oil prices dipped in early trade on Thursday, extending losses amid uncertainty over how proposed tariffs by U.S. President Donald Trump on several countries would impact global economic growth and energy demand.
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 Thursday.
The benchmark five-year interest rates were trading 10 basis points higher at 6.76% from its previous close of 6.66% on Thursday.
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