Bond yields traded flat on Friday as investors turned cautious ahead of macroeconomic data - industrial production numbers for March and inflation data for April based on Consumer Price Index (CPI) and Wholesale Price Index (WPI) - to be announced later in the day.
In the global market, U.S. Treasury yields were little changed for a second day on Thursday after hitting their highest levels since March as losses in Wall Street stocks offset an April jump in producer prices and a poorly received 30-year bond auction. Furthermore, oil prices were stable as traders expected OPEC-led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.94% on Thursday.
The benchmark five-year interest rates were trading flat at its previous close at 7.05% on Thursday.