Bond yields traded lower on Wednesday as India's wholesale price index (WPI) inflation accelerated further in the month of March 2026 at 3.88% as compared to 2.13% in February 2026, driven by firming prices of crude petroleum & natural gas, amid ongoing tensions in West Asia.
In the global market, the U.S. 10-year Treasury yield fell on Tuesday after a lower-than-expected reading of the producer price index and a drop in oil prices.
Back home, the yields on new 10 year Government Stock were trading 04 basis points lower at 6.89% from its previous close of 6.93% on Monday.
The benchmark five-year interest rates were trading 03 basis points lower at 6.54% from its previous close of 6.57% on Monday.