Bond yields traded higher on Thursday amid a private report said that the next 10 days will be pivotal for India's economic trajectory as the upcoming Union Budget announcement on February 1 and the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting on February 7 will lay down the policy road map to boost the slowing economy.
In the global market, 10-year Treasury yield was unchanged on Wednesday after the Federal Reserve kept interest rates unchanged at 4.25% to 4.50% in its first interest rate decision of 2025. Furthermore, oil prices fell on Wednesday, following a rise in US crude stockpiles and easing worries over Libyan supply, while focus turned to potential US tariffs on Canadian and Mexican imports.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.79% from its previous close of 6.68% on Wednesday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.73% from its previous close of 6.62% on Wednesday.
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