Bond yields traded higher on Friday after Securities and Exchange Board of India (SEBI) in its data report has showed that the value of participatory notes (P-notes) investments in Indian markets -- equity, debt and hybrid securities -- was at Rs 97,751 crore by September-end compared to Rs 97,744 crore by August-end.
In the global market, U.S. Treasury yields rose on Thursday as a tighter labor market pointed to a recovering economy that renewed questions about the pace of inflation and when the Federal Reserve will raise interest rates. Furthermore, oil prices resumed their climb on continued tightness in U.S. supply, but were headed for a flat finish on the week as coal and gas prices eased, curbing fuel-switching which had stoked demand for oil products for power.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.36% from its previous close of 6.33% on Thursday.
The benchmark five-year interest rates were trading 4 basis points higher at 5.86% from its previous close of 5.82% on Thursday.
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