Bond yields traded higher on Wednesday as Reserve Bank of India (RBI) has showed that the Financial Inclusion Index (FI-Index), which captures the extent of financial inclusion across the country, improved to 67.0 in March 2025 from 64.2 in March 2024.
In the global market, the 10-year Treasury yield moved lower on Tuesday as investors geared up for the Federal Reserve’s decision next week. Furthermore, oil prices fell on Tuesday for a third consecutive session, as hopes faded for a trade deal between the U.S. and Europe, feeding fears of an economic slowdown in the world's largest oil markets.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.31% from its previous close of 6.30% on Tuesday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.07% from its previous close of 6.05% on Tuesday.