Bond yields traded higher on Thursday as the Department of Economic Affairs (DEA), Ministry of Finance said that Indian economy is estimated to achieve a growth of 6.5 per cent in FY25 despite considerable external headwinds.
In the global market, U.S. Treasury yields moved higher Wednesday as investors awaited further economic data amid growing fears of a recession. Furthermore, oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of tariffs on nations buying Venezuelan crude.
Back home, the yields on new 10 year Government Stock were trading 09 basis points higher at 6.69% from its previous close of 6.60% on Wednesday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.59% from its previous close of 6.48% on Wednesday.
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