Bond yields edged higher on Friday, as traders remain cautious with Reserve Bank of India’s annual report which showed that subdued global demand and some slack in government consumption expenditure led to a moderation in economic activity during 2018-19.
In the global market, US Treasury yields rose on Thursday with 30-year yields climbing from record lows, as hopes on US-China trade talks and a dismal seven-year note auction cooled the recent torrid rally in the bond market. Furthermore, Oil prices eased after three days of gains, with concerns about the state of the global economy amid the US-China trade war keeping prices in check.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.57% from its previous close of 6.54% on Thursday.
The benchmark five-year interest rates were trading flat at its previous close at 6.36% on Thursday.