Bond yields edged flat on Friday amid United Nations Conference on Trade and Development (UNCTAD) in its latest report has said that India's services exports jumped 11.4 per cent to $345 billion in 2023 despite global economic uncertainties, while China's shipments from the sector contracted by 10.1 per cent to $381 billion. Sectors that contribute to India's services export growth include travel, transport, medical and hospitality.
In the global market, U.S. Treasury yields rose on Thursday after the first-quarter GDP report showed slowing growth and rising consumer prices. Furthermore, crude oil futures rose Thursday as the market weighed disappointing U.S. economic growth against a potential geopolitical risk from a looming Israeli invasion of the southern Gaza city of Rafah.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.20% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 7.20% on Thursday.