Bond yields traded higher on Wednesday as apex exporters' body -- Federation of Indian Export Organisations (FIEO) has suggested that the country's overall goods and services exports are likely to reach $1 trillion during 2025-26. Meanwhile, the exports were aggregated at $825 billion in 2024-25.
In the global market, U.S. Treasury yields slid on Tuesday as markets reopened after the holiday, buoyed by optimism surrounding U.S.-EU trade talks. Furthermore, oil prices fell on Tuesday on increasing expectations members of the Organization of Petroleum Exporting Countries and their allies, known as OPEC+, will decide to increase their output at a meeting later this week.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.240% from its previous close of 6.228% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point higher at 5.894% from its previous close of 5.878% on Tuesday.