Bond yields traded flat on Thursday after S&P Global in its latest ‘India Forward’ report, jointly done with Crisil, has lowered India's Gross Domestic Product (GDP) growth estimates for the current financial year (FY27) to 6.6 per cent from 7.1 per cent projected earlier.
In the global market, U.S. Treasury yields fell sharply on Wednesday as hopes of an end in the two-month-long war in the Middle East sent energy prices lower. Furthermore, Oil prices were little changed on Thursday after tumbling more than 7% in the previous session, as investors weighed prospects for a Middle East peace deal and assessed U.S. inventory data.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.92% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.61% from its previous close of 6.62% on Wednesday.