Bond yields traded higher on Friday after the RBI refrained from adding to this year’s three interest-rate cuts on Tuesday.
In the global market, Prices of U.S. Treasuries rose on Thursday as cautious traders squared positions ahead of a key U.S. jobs report and reduced inflation fears spurred buying of longer-dated issues. Furthermore, Oil futures traded slightly higher on Friday in thin early Asian trade, after setting multi-month lows in the previous session, as investors await indications on how prolonged the current period of oversupply will be.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.81% from its previous close of 7.80% on Thursday.
The benchmark five year yields were trading flat at its previous close of 7.95% on Thursday.