Bond yields traded higher on Thursday as India’s industrial output growth, measured in terms of the Index of Industrial Production (IIP), surged to over a two-year high of 7.8 per cent in the month of December 2025 from 7.2 per cent in November 2025 and a 3.7 per cent in December 2024.
In the global market, treasury yields moved higher on Wednesday as the Federal Reserve kept interest rates unchanged and upped its assessment of the U.S. economy. Furthermore, oil prices hit their highest on Wednesday after a winter storm disrupted U.S. crude output while a weak U.S. dollar and continued Kazakh outages lent further support.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.43% from its previous close of 6.42% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.71% from its previous close of 6.70% on Wednesday.
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