Bond yields were trading higher on Friday as the commerce and industry ministry is hopeful of improvement in foreign direct investment (FDI) inflows in the coming months despite global headwinds.
In the global market, U.S. Treasury yields reversed and moved higher on Thursday as investors assessed expectations for the Federal Reserve’s interest rate policy plans after strong jobs data. Furthermore, oil prices rose on Thursday after posting the biggest two-day loss for the start of a year in three decades with U.S. data showing lower fuel inventories providing support and economic concerns capping gains.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 7.35% from its previous close of 7.32% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 7.25% from its previous close of 7.22% on Thursday.
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