Bond yields traded flat on Friday, as investors remained cautious ahead of Index of Industrial Production (IIP) data for September scheduled to be released today.
In the global market, U.S. Treasury yields rose on Thursday, with 10-year yields bouncing from near three-week lows, due to this week's government and corporate debt supply which was partly offset by concerns about the passage of a federal tax plan. Furthermore, oil markets were little changed, supported by ongoing supply cuts and strong demand, although the prospect of rising U.S. shale output capped prices around recent gains.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.93% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.77% from its previous close of 6.76% on Thursday.