Bond yields edged lower on Friday, as Central Statistics Office’s data showed that India's industrial output rose 4.3% in July, as against 2% in June.
In the global market, US Treasury prices fell on Thursday with 10-year yields hitting five-week highs, following a report that suggests advisers to President Donald Trump were mulling an interim trade deal with China and soft demand at a 30-year bond auction. Furthermore, Oil futures fell as optimism over an end to the US-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations.
Back home, the yields on new 10 year Government Stock were trading 6 basis points lower at 6.63% from its previous close of 6.69% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.35% from its previous close of 6.34% on Thursday.