Bond yields traded higher on Thursday as UN Trade and Development (UNCTAD) in its latest report titled 'Trade and Development Foresights 2025 - Under pressure: Uncertainty reshapes global economic prospects' has said that India is expected to grow by 6.5 per cent in 2025, slightly lower than the 6.9 per cent growth of 2024 but still maintaining its status as the fastest-growing major economy.
In the global market, 10-year Treasury yield inched lower on Wednesday after stronger-than-expected retail sales data and comments from Federal Reserve Chair Jerome Powell on tariff policy.
Back home, the yields on new 10 year Government Stock were trading 09 basis points higher at 6.48% from its previous close of 6.39% on Wednesday.
The benchmark five-year interest rates were trading 07 basis points higher at 6.19% from its previous close of 6.12% on Wednesday.