Bond yields traded marginally higher on Friday as investors remained cautious ahead of CPI data to be released on October 12. Further, investors overlooked the statement of Central Board of Excise and Customs’ that GST can be implemented anytime during a year and not only at the beginning of a financial year.
In the global market, U.S. Treasuries prices fell on Thursday as the minutes from the Federal Reserve's September policy meeting strengthened the view that the central bank would not raise interest rates this year, spurring investors to pile into stocks from bonds. Furthermore, Crude oil futures rose in early Asian trade on thin volumes after an influential forecaster predicted that a market rally was not far off and U.S. Federal Reserve minutes suggested there was no hurry to raise rates.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.54% from its previous close of 7.53% on Thursday.
The benchmark five-year interest rates were trading steady from its previous close of 7.64% on Thursday.