Bond yields traded lower on Thursday as market participants remained on sidelines ahead of the RBI policy decision to be announced on Friday.
In the global market, U.S. Treasury yields increased on Wednesday as growing tensions in the Middle East pushed oil prices higher and raised concerns about continued inflation pressures. Furthermore, Oil prices edged lower on Thursday, as investors locked in profits after recent gains while continuing to assess escalating tensions in the Middle East and signs of tightening U.S. crude supplies.
Back home, the yields on new 10 year Government Stock were trading 02 basis points lower at 7.00% from its previous close of 7.02% on Wednesday.
The benchmark five-year interest rates were trading 01 basis point lower at 6.81% from its previous close of 6.82% on Wednesday.
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