Bond yields edged marginally lower on Friday as investors await the announcement of the next RBI governor, a post that will fall vacant on September 4.
In the global market, U.S. Treasury yields fell on bets the Federal Reserve is in no hurry to raise interest rates with domestic inflation stuck below its 2 percent goal and uncertainty about global risks to economic growth at home. Furthermore, Oil prices rose for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks as the world's biggest producers prepared to discuss a possible freeze in production levels.
Back home, the yields on new 10 year Government Stock were trading 1 basis points lower at 7.13% from its previous close of 7.14% on Thursday.
The benchmark five-year interest rates were trading flat from its previous close at 7.05% on Thursday.