Bond yields traded flat on Friday ahead of India’s consumer price index (CPI) and Index of Industrial Production (IIP) data -- due to be released later in the day.
In the global market, U.S. Treasury yields fell on Thursday after data showed that producer price increases eased in April, adding to expectations that an improving inflation picture will lead the Federal Reserve to pause its interest rate increases. Furthermore, Oil prices fell to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world's biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.02% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.98% from its previous close of 6.97% on Thursday.
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