Bond yields traded lower on Thursday despite Commerce and Industry Minister Piyush Goyal has said that the world trade is facing severe geo-political challenges, but India has consistently emerged as a winner in such times, and the country's exports of goods and services will certainly cross $825 billion in 2025-26 (FY26).
In the global market, 10-year Treasury yield ticked lower on Wednesday after monthly inflation data came in cooler than expected and U.S. and Chinese officials agreed to a framework on trade. The Treasury Department also sold $39 billion of 10-year notes in the afternoon. Furthermore, Crude oil futures rose on Wednesday as tensions escalated between the U.S. and Iran, with President Donald Trump expressing doubt that the two countries will reach a nuclear deal.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.27% from its previous close of 6.29% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point higher at 5.98% from its previous close of 5.97% on Wednesday.