New Delhi, Nov. 6 -- Indian government bonds continued their upward trend for a fourth consecutive session on Thursday, supported by a rally in US Treasury prices and an early decline in crude oil prices.

The positive movement in global bond markets and lower oil prices initially strengthened investor sentiment towards domestic government securities as per The Economic Times.

However, the gains were largely reversed during the session as crude oil prices recovered and traders booked profits following the recent rally.

Benchmark Bond Yield Declines Nearly 2 Basis Points

The yield on the benchmark 6.94 percent government bond maturing in 2036 fell nearly 2 basis points to 7.1710 percent on Thursday. The decline extended its fall over th...