Bond yields traded higher on Thursday as Commerce and Industry Minister Piyush Goyal has said that the India-UK Free Trade Agreement (FTA) brings ‘stability and predictability’ for businesses in both the countries. He added that this will lead to doubling the bilateral trade in five years.
In the global market, 10-year U.S. Treasury yield was little changed Wednesday, following the Federal Reserve’s latest interest rate decision. Furthermore, oil prices ticked up on Wednesday after ending the previous session up more than 4% on worries that the Iran-Israel conflict could disrupt supplies.
Back home, the yields on new 10 year Government Stock were trading 4 basis points higher at 6.29% from its previous close of 6.25% on Wednesday.
The benchmark five-year interest rates were trading 5 basis points higher at 5.98% from its previous close of 5.93% on Wednesday.
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