Bond yields trade lower on Thursday

Bond yields traded lower on Thursday as data showed India’s retail inflation, measured by the All-India Consumer Price Index (CPI), rose to 4.45% in July 2026 from 4.38% in June 2026, as food prices remained elevated.

In the global market, U.S. Treasury yields were little changed on Wednesday as Wall Street studied inflation data for July that matched expectations and showed price increases may have continued to cool. Furthermore, Oil prices fell on Thursday as markets parsed continued uncertainty over West Asian supplies and a weak outlook for crude demand. 

Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.75% from its previous close of 6.77% on Wednesday.

The benchmark five-year interest rates were trading 1 basis point lower at 6.35% from its previous close of 6.36% on Wednesday.