Bond yields edged higher on Friday as Reserve Bank of India Governor Shaktikanta Das said slowing global growth is reason for concern, a cause of worry but India is better placed to deal with various geopolitical challenges.
In the global market, Treasury yields rose Thursday as the latest jobs data came in stronger than expected. Furthermore, oil prices settled higher on Thursday after the International Energy Agency (IEA) joined producer group OPEC in forecasting strong growth in global oil demand and as cold winter weather disrupted U.S. crude output while the government reported a big weekly draw in crude inventories.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.18% from its previous close of 7.17% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 7.05% on Thursday.