Bond yields trade flat on Friday amid latest round of FICCI’s Economic Outlook Survey said Indian economy is expected to grow at an annual median GDP growth of 7 per cent in 2024-25.
In the global market, Two- and 10-year yields on U.S. government debt bounced off their lowest levels in months on Thursday, as traders considered the possibility of a shallower-than-expected rate-cutting cycle by the Federal Reserve. Furthermore, oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.96% on Thursday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.94% from its previous close of 6.92% on Thursday.