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Bond yields trade higher on Thursday

22 Oct 2026 Evaluate

Bond yields traded higher on Thursday after RBI minutes of the latest policy meeting showed that members of the rate-setting panel indicated more hikes may be needed to curb inflation.

In the global market, US Treasury yields steadied on Wednesday as investors awaited fresh data for insights into the U.S. economic picture ahead of next week’s Federal Reserve interest rate decision. Furthermore, Oil prices rose on Thursday as continued tensions in the Middle East kept markets on edge over more supply disruptions, while an outsized draw in U.S. inventories also underpinned crude.

Back home, the yields on new 10-year Government Stock were trading 2 basis points higher at 7.46% from its previous close of 7.44% on Wednesday.

The benchmark five-year interest rates were trading 6 basis points higher at 7.31% from its previous close of 7.25% on Wednesday.