Bond yields traded lower on Friday after the Reserve Bank of India (RBI) has tightened norms for unsecured personal loans for banks and non-banking financial companies (NBFCs).
In the global market, U.S. Treasury yields fell on Thursday after new data showed that applications for unemployment aid jumped to their highest level in three months last week. Furthermore, U.S. crude prices fell 5% on Thursday as inventories rose while industrial production fell.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 7.19% from its previous close of 7.23% on Thursday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.24% from its previous close of 7.26% on Thursday.
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