Bond yields edged higher on Friday as India's Economic Affairs Secretary Ajay Seth to World Bank has said that despite a challenging global scenario, India's economy has shown robust growth over the past year backed by sustained consumption and investment demand.
In the global market, U.S. Treasury yields continued to move higher on Thursday as investors weighed economic data and warnings from Federal Reserve officials that the decline in inflation may have stalled. Furthermore, oil prices held near a three-week low on Thursday as investors weighed mixed U.S. economic data, U.S. sanctions on Venezuela and Iran and easing tensions in the Middle East.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 7.21% from its previous close of 7.18% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 7.18% on Thursday.
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