Bond yields edged higher on Friday as India's manufacturing sector continued growth momentum in the month of February, aided by growth in factory production and sales coupled with strongest expansion in new export orders.
In the global market, U.S. Treasury yields inched lower on Thursday after the latest inflation data was in line with predictions. Furthermore, oil prices edged lower on Thursday as U.S. inflation data implied a softening of the world's biggest economy that could weaken crude demand, with rising OPEC production also weighing on prices.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.08% from its previous close of 7.07% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.06% from its previous close of 7.05% on Thursday.
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