Bond yields edged lower on Friday, as the Reserve Bank of India has announced special open market operations, under which it will simultaneously buy the 10-year bond and sell one-year notes on Monday.
In the global market, US Treasury yields fell on Thursday as traders weighed mixed economic signals on recent domestic labor market and business conditions. Furthermore, Oil prices held steady near three-month highs, heading for a third consecutive weekly rise, on the back of easing Sino-US trade tensions that have weighed on demand as well as the global economic growth outlook.
Back home, the yields on new 10 year Government Stock were trading 18 basis points lower at 6.57% from its previous close of 6.75% on Thursday.
The benchmark five-year interest rates were trading 13 basis points lower at 6.41% from its previous close of 6.54% on Thursday.
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