Bond yields trade higher on Wednesday
The yields on new 10 year Government Stock were trading 3 basis points higher at 6.71% from its previous close of 6.68% on Monday
Bond yields traded higher on Wednesday despite India’s services sector growth eased in the month of February, as new orders rose at the slowest pace since January 2025. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index slowed down to 58.1 in February from 58.5 in January.
In the global market, U.S. Treasury yields rose on Tuesday as the U.S.-Iran conflict caused oil prices to surge for a second day.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.71% from its previous close of 6.68% on Monday.
The benchmark five-year interest rates were trading 5 basis points higher at 6.36% from its previous close of 6.31% on Monday.
