Bond yields traded lower on Friday even after government data showing that the country's exports jumped by 60.29 per cent to $34.45 billion in March even as the outbound shipments contracted by 7.26 per cent during the full 2020-21 fiscal to $290.63 billion.
In the global market, U.S. Treasury yields dived to one-month lows on Thursday as a possible safe-haven bid related to increased U.S.-Russia tensions, along with Japanese buying and technical factors, helped overshadow better-than-expected economic data. Furthermore, oil prices dipped in early trade but were on course for a weekly gain of more than 6% with an improved oil demand outlook and strong economic recoveries in China and the United States offsetting concerns about spikes in COVID-19 infections.
Back home, the yields on new 10-year Government Stock were trading 3 basis points lower at 6.09% from its previous close of 6.12% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 5.62% from its previous close of 5.63% on Thursday.