Bond yields trade higher on Tuesday
The yields on new 10 year Government Stock were trading 2 basis points higher at 6.33% from its previous close of 6.31% on Monday
Bond yields traded higher on Tuesday after India’s services sector continued a strong growth momentum in the month of July, as ongoing improvements in demand for Indian services continued to underpin growth of total new orders, international sales and output.
In the global market, 10-year Treasury yield was little changed Monday as investors assessed the state of the U.S. economy and weighed the impact of President Donald Trump’s latest tariff rates. Furthermore, oil prices slipped in early Asian trade on Monday after OPEC+ agreed to another large production hike in September.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.33% from its previous close of 6.31% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.09% from its previous close of 6.07% on Monday.
