Bond yields traded flat on Thursday as Global Trade Research Initiative (GTRI) has said that US President Donald Trump's announcement to impose a 25 per cent tariff and penalty on Indian goods may seem severe but the country is not in a worse position than nations that signed trade deals with Washington.
In the global market, Treasury yields moved higher on Wednesday after the Federal Reserve kept interest rates unchanged and after the U.S. economy grew at a faster-than-expected pace in the second quarter. Furthermore, oil prices ticked up in early trading on Wednesday after rising more than 3% in the previous session as potential supply shortages came into focus after U.S. President Donald Trump gave Moscow an abbreviated deadline toward ending the war in Ukraine.
Back home, the yields on new 10 year Government Stock were flat with its previous close of 6.36% on Wednesday.
The benchmark five-year interest rates were trading 5 basis points higher at 6.15% from its previous close of 6.10% on Wednesday.
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