Bond yields traded flat on Friday, as investors remained cautious ahead of key economic data - industrial production (IIP) numbers for November and retail inflation for December - to be released later in the day.
In the global market, U.S. Treasury yields fell on Thursday after China disputed a report that its government officials had recommended the country slow or halt its purchases of U.S. bonds. Furthermore, oil prices eased after hitting their highest levels since December, 2014 the previous day.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.44% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.25% from its previous close of 7.24% on Thursday.