Bond yields traded higher on Thursday as International Monetary Fund (IMF) has said that India's economy is estimated to grow at 6.6 per cent in current financial year (FY26). It noted that the Goods and Services Tax reforms are likely to help cushion the country from the adverse impact of the 50 per cent tariffs imposed by the US.

In the global market, The benchmark 10-year Treasury yield was relatively unchanged on Wednesday as investors continued to monitor developments that could affect the Federal Reserve's upcoming interest rate decision and speculated about the central bank's next chair. Furthermore, oil prices settled up on Wednesday, bouncing back from one-month lows in the previous session, as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal ahead of the U.S. Thanksgiving holiday.

Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.51% from its previous close of 6.48% on Wednesday. 

The benchmark five-year interest rates were trading 4 basis points higher at 6.16% from its previous close of 6.12% on Wednesday.