Bond yields traded lower on Thursday despite Income Tax Department in its latest data has showed that net direct tax collection grew 9.40 per cent to Rs 19,43,743.97 crore till February 10, 2026 in the fiscal year 2025-26 (FY26) as compared to Rs 17,76,728.11 crore in the corresponding period of previous year.

In the global market, 10-year Treasury yield in U.S. moved higher on Wednesday in reaction to January job growth that was more than double what Wall Street economists had expected. Furthermore, oil prices rose more than 1% on Wednesday, buoyed by potential supply risks should tensions between the U.S. and Iran escalate, while draws of crude from key stockpiles suggested stronger demand.

Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.70% from its previous close of 6.71% on Wednesday.

The benchmark five-year interest rates were trading 2 basis points higher at 6.51% from its previous close of 6.49% on Wednesday.