Bond yields traded lower on Thursday as the seasonally adjusted HSBC India Services PMI Business Activity Index slowed down to 58.9 in October from 60.9 in September. Further, the HSBC India Composite PMI Output Index -- which measures both manufacturing and services -- also eased to 60.4 in October as against 61.0 in September.
In the global market, treasury yields rose broadly on Wednesday following the release of U.S. strong data, while the U.S.′ top court signaled skepticism around the legality of the Trump administration’s tariffs. Furthermore, Oil prices eased on Wednesday as investors digested weaker economic data from top oil importers, but an expected drop in US fuel inventories limited further losses.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 6.50% from its previous close of 6.53% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.15% from its previous close of 6.16% on Tuesday.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: