Bond yields trade lower on Wednesday
The yields on new 10 year Government Stock were trading 1 basis point lower at 6.28% from its previous close of 6.29% on Tuesday
Bond yields traded lower on Wednesday despite India’s gross Goods and Services Tax (GST) collection for the month of June stood at Rs 1.85 lakh crore, marking a 6.2% increase compared to the same month last year.
In the global market, 10-year Treasury yield rose Tuesday after Senate Republicans passed their version of the White House’s gigantic tax-and-spending legislation, threatening to add at least $3 trillion to the federal deficit over the next decade.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.28% from its previous close of 6.29% on Tuesday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.08% from its previous close of 6.10% on Tuesday.
