Bond yields traded higher on Friday, despite a report stated that the government has revised the GDP growth for FY17 by 110 basis points from 7.1 per cent earlier to 8.2 per cent and for FY18 from 6.7 per cent earlier to 7.2 per cent.
In the global market, the 30-year Treasury yield fell below 3 percent on Thursday after manufacturing data disappointed and a measure of wage inflation came in weaker than expected, reinforcing the Federal Reserve's suggestion it may need to pause before lifting borrowing costs further. Furthermore, Oil prices held steady, torn between hopes the United States and China could soon settle their trade disputes and new data raising fresh concerns over China's economic slowdown.
Back home, the yields on new 10 year Government Stock were trading 16 basis points higher at 7.64% from its previous close of 7.48% on Thursday.
The benchmark five-year interest rates were trading 18 basis points higher at 7.40% from its previous close of 7.22% on Thursday.