Bond yields traded lower on Thursday as Think tank -- the Global Trade Research Initiative (GTRI) has said that India should remain extremely cautious about giving duty concessions to the US on agricultural crops or genetically modified products, and should insist on a drastic cut in the high tariffs.
In the global market, U.S. Treasury yields moved lower on Wednesday after the Federal Reserve delivered its third straight interest rate cut. Furthermore, Oil prices rose on Wednesday after the U.S. seized an oil tanker off the coast of Venezuela, adding to prompt supply concerns.
Back home, the yields on new 10 year Government Stock were trading 5 basis points lower at 6.61% from its previous close of 6.66% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.30% from its previous close of 6.32% on Wednesday.
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