Bond yields were trading higher on Friday after economic think tank Global Trade Research Initiative (GTRI) in its report has said that India’s merchandise exports have recorded a healthy growth in both value and volume terms in 2022. The outbound shipments rose by 14.6 per cent year-on-year to $453.3 billion in 2022.
In the global market, U.S. Treasury yields were mixed on Thursday after January’s wholesale prices report showed higher-than-expected inflation. Furthermore, oil prices settled slightly lower on Thursday after trading in a narrow range as the market weighed mixed U.S. economic signals and prospects for a Chinese demand recovery with a build in U.S. crude stockpiles.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 7.37% from its previous close of 7.34% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 7.35% from its previous close of 7.32% on Thursday.