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Bond yields trade higher on Tuesday

18 Mar 2025 Evaluate

Bond yields traded higher on Tuesday as government data showed that net direct tax collection grew 13.13 per cent to over Rs 21.26 lakh crore so far (till March 16, 2025) this fiscal aided by higher advance tax mop up. During the year, the government collected Rs 10.44 lakh crore from four instalments of advance tax as against Rs 9.11 lakh crore in the previous fiscal, registering a growth of 14.62 per cent.

In the global market, benchmark 10-year Treasury yield fell on Monday as investors studied the latest retail sales report to gauge the state of consumer spending, and looked ahead to a big week. Furthermore, oil prices rose on Monday due to U.S. military actions against Yemen's Houthis and encouraging Chinese economic data.

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 Monday.

The benchmark five-year interest rates were trading 09 basis points higher at 6.68% from its previous close of 6.59% on Monday.

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