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Bond yields trade higher on Wednesday

05 Feb 2025 Evaluate

Bond yields traded higher on Wednesday amid market participants remained fully focused on the Reserve Bank of India’s monetary policy decision on Friday. 

In the global market, U.S. Treasury yields slid on Tuesday as traders assessed global trade tensions and awaited more economic data. Furthermore, Oil prices were largely steady in Asian trading on Wednesday as U.S.-China tariff tensions kept traders cautious, while President Donald Trump’s call for tougher enforcement on Iran provided some support to markets. 

Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 6.77% from its previous close of 6.67% on Tuesday. 

The benchmark five-year interest rates were trading 10 basis points higher at 6.69% from its previous close of 6.59% on Tuesday.