Bond yields trade higher on Thursday
The yields on new 10 year Government Stock were trading 15 basis points higher at 7.11% from its previous close of 6.96% on Monday
Bond yields traded higher on Thursday amid the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to 53.9 in March from 56.9 in February, marking its lowest level since June 2022.
In the global market, U.S. 10-year Treasury yield went up on Wednesday as investors continued to monitor developments with Iran war. Furthermore, crude prices fell on Wednesday after President Donald Trump said the US will leave Iran in ‘two to three weeks’ regardless of whether a deal is struck with Tehran.
Back home, the yields on new 10 year Government Stock were trading 15 basis points higher at 7.11% from its previous close of 6.96% on Monday.
The benchmark five-year interest rates were trading 21 basis points higher at 6.89% from its previous close of 6.68% on Monday.
