Bond yields trade lower on Wednesday
The yields on new 10 year Government Stock were trading 12 basis points lower at 6.92% from its previous close of 7.04% on Tuesday
Bond yields traded lower on Wednesday amid Reserve Bank of India’s Monetary Policy Committee (MPC) has held its benchmark repo rate at 5.25 per cent and maintained policy stance at 'neutral' amid heightened global uncertainty, driven largely by escalating tensions in West Asia.
In the global market, the U.S. 10-year Treasury yield declined on Tuesday as oil prices eased when Pakistan’s Prime Minister Shehbaz Sharif asked U.S. President Donald Trump to delay his deadline for Iran to reopen the Strait of Hormuz.
Back home, the yields on new 10 year Government Stock were trading 12 basis points lower at 6.92% from its previous close of 7.04% on Tuesday.
The benchmark five-year interest rates were trading 21 basis points lower at 6.55% from its previous close of 6.76% on Tuesday.
