Bond yields traded flat on Friday after India’s Consumer Price Index (CPI)-based inflation (retail inflation) eased to a three-month low of 5.02 per cent year-on-year in September from 6.83 per cent in August, with moderation in vegetables and fuel prices.
In the global market, Treasury yields rose Thursday as investors weighed fresh economic data pointing to stubbornly high inflation. Furthermore, oil prices reversed early gains on Thursday in a volatile session, after a large build in U.S. crude stockpiles outweighed expectations that U.S. interest rates had peaked.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.30% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.31% from its previous close of 7.32% on Thursday.