Bond yields traded higher on Wednesday as commerce ministry in its latest data has showed that India's merchandise exports, after four months of decline, turned positive and grew marginally by 0.7 per cent to $41.97 billion in March 2025 as compared to $41.69 billion in March 2024.
In the global market, The 10-year Treasury yield edged lower on Tuesday, a reprieve amid a period of volatility in the bond market. Furthermore, oil prices inched down on Tuesday after the International Energy Agency followed OPEC in slashing its oil demand forecast, though price falls were limited by U.S. President Donald Trump’s suggestion of some new tariff exemptions.
Back home, the yields on new 10 year Government Stock were trading 05 basis points higher at 6.23% from its previous close of 6.18% on Tuesday.
The benchmark five-year interest rates were trading 09 basis point higher at 6.50% from its previous close of 6.41% on Tuesday.
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