Bond yields traded flat on Tuesday after ICRA in its note has said that it projected India's GDP growth at 6.9 per cent in the quarter ended March 31, 2025 (Q4) and at 6.3 per cent for the full 2024-25 fiscal, undershooting the National Statistics Office (NSO) estimates made in February.
In the global market, Longer-dated Treasury yields gained while the dollar broadly eased on Monday amid concerns about the U.S. debt load and a tax-cut bill, following Moody's downgrade of the country's sovereign credit rating. Furthermore, oil prices edged higher on Monday as signs of a breakdown in U.S. talks with Iran over its nuclear program offset pressure from a Moody’s downgrade of the U.S. sovereign credit rating.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.27% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 5.96% from its previous close of 5.94% on Monday.
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