Bond yields edged flat on Friday amid India's engineering exports declined 3.2 per cent to $8.67 billion in April 2024. The growth of engineering exports has been steady in the past four months.
In the global market, U.S. Treasury yields rose Thursday following better-than-expected economic data. Furthermore, oil prices fell on Thursday for the fourth session in a row, as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world’s biggest oil market.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.99% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.04% from its previous close of 7.03% on Thursday.