Bond yields traded higher on Friday with report that direct tax collections have surged 182 per cent to over Rs 19.60 trillion in 2023-24 in the 10-year period of Prime Minister Narendra Modi-led government.
In the global market, U.S. Treasury yields were rising Thursday, as investors weighed fresh data showing retail sales in September were slightly stronger than Wall Street expected as well as an unexpected fall in initial jobless claims. Furthermore, Oil prices inched up on Thursday, bouncing back from two-week lows, after data showed falling crude and fuel inventories in the United States.
Back home, the yields on new 10 year Government Stock were trading 13 basis points higher at 6.91% from its previous close of 6.78% on Thursday.
The benchmark five-year interest rates were trading 13 basis points higher at 6.82% from its previous close of 6.69% on Thursday.