Bond yields edged lower on Friday, as lower-than-expected retail inflation in September bolsters bets that there would be further monetary easing in coming months.
In the global market, U.S. Treasury prices gained on Thursday after the Treasury Department's $12 billion bond sale drew strong demand, and as investors repositioned ahead of inflation data due today. Furthermore, Oil prices edged up as both U.S. crude production and inventories declined, pointing towards a tightening market.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.73% from its previous close of 6.75% on Thursday.
The benchmark five-year interest rates were trading 4 basis points lower at 6.66% from its previous close of 6.70% on Thursday.