Bond yields trade marginally lower on Wednesday
The yields on new 10 year Government Stock were trading 2 basis points lower at 6.47% from its previous close of 6.49% on Tuesday
Bond yields traded marginally lower on Wednesday despite net direct tax collection, which include personal income tax and corporate tax, recorded a 7 per cent growth year-on-year at over Rs 12.92 lakh crore till November 10 this fiscal year, on higher corporate tax mop-up and slower refunds.
In the global market, oil prices gained on Tuesday on the impact of the latest U.S. sanctions on Russian oil and the optimism over a potential end to the U.S. government shutdown, although oversupply concerns limited gains.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.47% from its previous close of 6.49% on Tuesday.
The benchmark five-year interest rates were trading flat with its previous close of 6.15% on Tuesday.
