Bond yields were traded flat on Friday as the Federation of Indian Export Organisations (FIEO) said India’s exports growth may slow to 15-17.5% in FY23 but containment of Covid-19 through massive vaccination across the globe and creation of required capacity will be the decisive factors. Besides, Reserve Bank of India (RBI) conducted a three-day variable rate reverse repo (VRRR) auction worth Rs 2 lakh crore, which began on December 20, under its liquidity adjustment facility.
In global front, U.S. Treasury yields rose to the highest level in weeks on Thursday, while also posting gains for the shortened holiday week, after a gauge of U.S. inflation jumped in November.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.46% on Thursday.
The benchmark five-year interest rates were trading 2 basis points higher at 5.83% from its previous close of 5.81% on Thursday.
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