Bond yields traded higher on Thursday after government has released the 21st instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on November 19, 2025. Under this instalment, nearly 9 crore farmers across the country received approximately Rs 18,000 crore in direct financial assistance through the Direct Benefit Transfer (DBT) system, ensuring transparency and eliminating any intermediary involvement.
In the global market, The U.S. 10-year Treasury yield hovered around 4.1% after the latest Federal Reserve meeting minutes showed a central bank divided on the interest rate outlook. Furthermore, oil prices fell on Wednesday after reports indicated the United States is renewing its push to end Russia's war in Ukraine and has drafted a framework for it.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.54% from its previous close of 6.53% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.21% from its previous close of 6.19% on Wednesday.
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