Bond yields traded lower on Friday, as continued fall in crude oil prices eased local inflation concerns, while rupee is seen gaining against the US currency.
In the global market, US Treasury yields rose on Thursday with shorter-dated ones reaching their highest levels in over a decade as the Federal Reserve hinted the US economic expansion remained on track, which warrants further interest rate increases. Furthermore, Oil markets remained weak as rising supply and concerns of an economic slowdown pressured prices, with US crude now down by 20 percent since early October.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 7.77% from its previous close of 7.80% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.69% on Tuesday.