Bond yields traded flat on Wednesday after retail inflation rate based on All India Consumer Price Index (CPI) with base year 2024 rose marginally to 3.48% (Provisional) in the month of April 2026 as compared to 3.40% (Final) in the preceding month, mainly due to an uptick in food prices.
In the global market, U.S. Treasury yields rose again on Tuesday as investors assessed the implications of a surprisingly hot inflation reading, which showed consumer prices rising to their highest in nearly three years. Furthermore, Oil prices fell on Wednesday as investors awaited developments from the fragile Middle East ceasefire and braced for a high-stakes summit in Beijing between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.04% on Tuesday.
The benchmark five-year interest rates were trading 02 basis points higher at 6.82% from its previous close of 6.80% on Tuesday.