Bond yields trade higher on Thursday
The yields on new 10 year Government Stock were trading 07 basis points higher at 6.96% from its previous close of 6.89% on Wednesday
Bond yields traded higher on Thursday after the World Bank, in its South Asia Economic Update April 2026 report, has marginally raised India's growth projections for the fiscal year 2026-27 (FY27) by 30 basis points to 6.6% compared to its October 2025 forecast of 6.3%.
In the global market, U.S. 10-year Treasury yield went sharply lower on Wednesday after a two-week ceasefire in the Middle East was announced. Furthermore, oil prices plunged on Wednesday after the US and Iran agreed to a conditional two-week ceasefire deal that includes the reopening of the key Strait of Hormuz waterway.
Back home, the yields on new 10 year Government Stock were trading 07 basis points higher at 6.96% from its previous close of 6.89% on Wednesday.
The benchmark five-year interest rates were trading 06 basis points higher at 6.55% from its previous close of 6.49% on Wednesday.
