Bond yields traded flat on Friday, despite Commerce Minister Suresh Prabhu said that India's merchandise and services export would touch $540-billion mark this fiscal. He said exports are growing at a healthy pace and shipments of goods would reach over $330 billion.
In the global market, Benchmark 10-year Treasury yields rose off 15-month lows on Thursday as US stocks were little changed and investors continued to adjust to a dovish pivot from global central banks. Furthermore, oil prices rose, pushed up by ongoing supply cuts led by producer club OPEC and US sanctions against Iran and Venezuela, putting the crude markets on pace to post their biggest first quarter gain since 2009.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close of 7.32% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.92% from its previous close of 6.93% on Thursday.