Bond yields traded higher on Wednesday after finance ministry report stated that with the right strategies in place, continued domestic reforms, and a strong focus on infrastructure development and job creation, Indian economy can demonstrate resilient growth despite global uncertainties.
In the global market, the 10-year Treasury yield fell on Tuesday as investors looked ahead to a slew of economic data this week. Furthermore, Oil prices fell on Tuesday, as investors braced for OPEC+ to boost output and worried U.S. President Donald Trump’s tariffs would hit the global economy and slow demand for the fuel.
Back home, the yields on new 10 year Government Stock were trading 12 basis points higher at 6.46% from its previous close of 6.34% on Tuesday.
The benchmark five-year interest rates were trading 09 basis point higher at 6.17% from its previous close of 6.08% on Tuesday.
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