Bond yields traded higher on Friday amid CareEdge Ratings has said that Net Non-Performing Assets (NNPAs) of scheduled commercial banks (SCB) saw a sharp decline, reducing by 24.9 per cent y-o-y to Rs 1 lakh crore as of June 30, 2024 (Q1FY25).
In the global market, U.S. Treasury yields rose on Thursday as investors assessed fresh jobless claims data. Furthermore, oil prices fell more than 3% on Thursday on a Financial Times report that Saudi Arabia, the world's top crude exporter, will give up its $100 price target in preparation for raising output, along with OPEC members and allies in December.
Back home, the yields on new 10 year Government Stock were trading 15 basis points higher at 6.86% from its previous close of 6.71% on Thursday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.77% from its previous close of 6.66% on Thursday.
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