Bond yields traded higher on Friday, as India’s industrial production inched up 1.9% in March 2022 from 1.7% in February 2022.
In the global market, U.S. Treasury yields slid on Thursday as the bond market weighed the odds the Federal Reserve can keep the economy from lurching into recession as it slams the brakes on rising, albeit moderating, pace of inflation. Furthermore, oil prices firmed but were headed for their first weekly losses in three weeks as worries about inflation and China's COVID lockdowns slowing global growth outweighed concerns about dwindling fuel supply from Russia.
Back home, the yields on new 10 year Government Stock were trading 9 basis points higher at 7.33% from its previous close of 7.24% on Thursday.
The benchmark five-year interest rates were trading 6 basis points higher at 7.18% from its previous close of 7.12% on Thursday.