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Bond yields trade higher on Wednesday

26 Mar 2025 Evaluate

Bond yields traded higher on Wednesday despite S&P Global Ratings cut India’s GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation.

In the global market, U.S. Treasury yields moved lower Tuesday following another dip in consumer confidence that showed optimism on the future hit its lowest in more than a decade. Furthermore, oil prices diverged on Tuesday as a maritime and energy truce between Russia and Ukraine offset concerns about tighter global supply due to threatened U.S. tariffs on countries buying Venezuelan production.

Back home, the yields on new 10 year Government Stock were trading 08 basis points higher at 6.71% from its previous close of 6.63% on Tuesday. 

The benchmark five-year interest rates were trading 09 basis points higher at 6.59% from its previous close of 6.50% on Tuesday.

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