Bond yields traded higher on Thursday as traders took some support with exchange data that showed Foreign Institutional Investors (FIIs) bought equities worth Rs 931.80 crore on Wednesday.
In the global market, U.S. Treasury yields inched higher on Wednesday as investors looked ahead to a handful of fresh economic data, including retail sales and wholesale inflation. Furthermore, Oil prices eased on Wednesday after government data showed U.S. crude oil stockpiles rose unexpectedly last week, prompting investor concerns of excess supplies.
Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 6.34% from its previous close of 6.24% on Wednesday.
The benchmark five-year interest rates were trading 08 basis points higher at 6.07% from its previous close of 5.99% on Wednesday.