Bond yields trade higher on Friday as the Reserve Bank of India said India's current account deficit (CAD)- excess of imports of goods and services over exports, would be manageable.
In the global market, U.S. Treasury yields rose Thursday as Wall Street assessed weekly jobless claims data that came in below expectations, easing concern from July’s payroll report last week that the labor market was weakening. Furthermore, Oil prices settled higher on Thursday for the third consecutive session, after U.S. jobs data eased demand concerns and war in the Middle East helped prices recover from an eight-month low on Monday.
Back home, the yields on new 10 year Government Stock were trading 13 basis points higher at 7.00% from its previous close of 6.87% on Thursday.
The benchmark five-year interest rates were trading 12 basis points higher at 6.91% from its previous close of 6.79% on Thursday.