Bond yields traded lower on Thursday despite CareEdge Ratings in its latest report has estimated India’s Gross Domestic Product (GDP) growth at 7.5% in FY26 and 7.0% in FY27.
In the global market, benchmark 10-year Treasury yield was near the flatline on Wednesday as investors mulled over the latest economic data and awaited the release of an inflation report due later in the week. Furthermore, oil prices higher on Wednesday after U.S. President Donald Trump ordered a blockade of all oil tankers under sanctions entering and leaving Venezuela, raising global political tensions and easing concerns about a swelling surplus of global crude.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.58% from its previous close of 6.60% on Wednesday.
The benchmark five-year interest rates were trading flat with its previous close of 6.31% on Wednesday.
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