Bond yields traded higher on Wednesday as Ministry of Finance in its latest report has showed that the overall credit disbursement to priority sectors including Agriculture, MSME and Social Infrastructure by banks surged 85.66% to Rs 42,73,161 crore in 2024 as compared to Rs 23,01,567 crore in 2019.
In the global market, U.S. Treasury yields rose on Tuesday as investors awaited the latest reading on the consumer price index report. Furthermore, oil prices rebounded on Tuesday amid weakening U.S. dollar, following the broad market selloff on Monday triggered by fears of a recession in the United States.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.80% from its previous close of 6.69% on Tuesday.
The benchmark five-year interest rates were trading 10 basis points higher at 6.70% from its previous close of 6.60% on Tuesday.
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