Bond yields traded lower on Wednesday as government data has showed that net direct tax collection dipped 3.95 per cent to Rs 6.64 trillion so far (between April 1-August 11) this fiscal (FY26) over Rs 6.91 trillion collected in the same period last fiscal (2024-25).
In the global market, U.S. Treasury yields rose Tuesday in reaction to the latest inflation report for July, opposite to the reaction in the stock market, which took the latest data to mean the Federal Reserve has a clear runway to lower interest rates at its next policy meeting in September.
Back home, the yields on new 10 year Government Stock were trading 02 basis points lower at 6.46% from its previous close of 6.48% on Tuesday.
The benchmark five-year interest rates were trading 01 basis point higher at 6.29% from its previous close of 6.28% on Tuesday.