Bond yields traded higher on Thursday even after Reserve Bank of India (RBI) has said that bank credit growth in India slowed to 14.88 per cent year-on-year (YoY) in the fortnight ended April 15, 2026 as compared to 15.96 per cent growth recorded in the previous fortnight ending March 31, 2026.

In the global market, U.S. 10-year Treasury yield rose on Wednesday after the Federal Reserve decided to leave interest rates unchanged. Furthermore, oil prices were up on Wednesday as concerns over Middle East supply risks intensified. The rally came after reports indicated that Donald Trump is preparing for an extended blockade of Iranian ports.

Back home, the yields on new 10 year Government Stock were trading 05 basis points higher at 7.04% from its previous close of 6.99% on Wednesday. 

The benchmark five-year interest rates were trading 04 basis points higher at 6.78% from its previous close of 6.74% on Wednesday.