Bond yields traded lower on Wednesday after World Bank has retained its India's economic growth projection at a lower level of 6.3 per cent for 2025-26 due to pressure on exports emanating from global uncertainties, though the country will remain the fastest growing major global economy. In April, the World Bank had lowered India's growth projection for 2025-26 to 6.3 per cent from its January forecast of 6.7 per cent.
In the global market, 10-year yield slipped on Tuesday as U.S. and Chinese officials continued trade negotiations in London for a second day.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.27% from its previous close of 6.28% on Tuesday.
The benchmark five-year interest rates were trading 3 basis point higher at 5.93% from its previous close of 5.90% on Tuesday.
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