Bond yields edged higher on Friday, on account of lower demand from corporates and banks. Some concerns also came with a report stating that Indian retail inflation likely eased to a four-month low in February on softening prices for vegetable and other perishable foods, but probably stayed above the Reserve Bank of India's target.
In the global market, the yield on the U.S. benchmark government bond moved within a range of three basis points on Thursday, continuing a trend of muted fluctuation in the week ahead of Friday's payrolls data. Furthermore, Crude oil futures rose as Asian stock markets gained on news that North Korean leader Kim Jong Un will meet with U.S. President Donald Trump.
Back home, the yields on new 10 year Government Stock were trading 6 basis points higher at 7.72% from its previous close of 7.66% on Thursday.
The benchmark five-year interest rates were trading 5 basis points higher at 7.47% from its previous close of 7.42% on Thursday.