Bond yields advanced in trade on Friday on account of profit-booking activities. However, fall in oil prices restricted further uptrend of yields. Meanwhile, overnight fall of US treasury yields following another round of discouraging US data also weighed on the sentiment.
On the global front, most US treasury yields fell modestly on Thursday after a choppy trading day as investors grappled with mixed data on the US economy and concerns about Greece’s standoff with its creditors. Meanwhile, brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut
Back home, the yields on 10 year Government Stock was trading 1 basis point higher at 7.81% from its previous close of 7.80% on Thursday.
The benchmark five year swap rate was trading 1 basis point higher at 7.09% from its previous close of 7.08% on Thursday.