Bond yields traded higher on Friday as International Monetary Fund (IMF) in its latest report has showed that India’s economic growth remained robust, with Gross domestic product (GDP) growth of 6 percent Y-o-Y in the first half of 2024/25.
In the global market, U.S. Treasury yields were higher on Thursday as investors studied the latest weekly jobless claims, January durable goods orders and President Donald Trump’s most recent tariff threats. Furthermore, oil prices rose more than 2% on Thursday as supply concerns resurfaced after U.S. President Donald Trump revoked a licence granted to U.S. oil major Chevron to operate in Venezuela.
Back home, the yields on new 10 year Government Stock were trading 12 basis points higher at 6.82% from its previous close of 6.70% on Thursday.
The benchmark five-year interest rates were trading 12 basis points higher at 6.74% from its previous close of 6.62% on Thursday.
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