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Bond yields trade higher on Friday

29 Nov 2024 Evaluate

Bond yields traded higher on Friday as traders eye on India’s GDP growth data for the latest July-September 2024 quarter (Q2 FY25) to be out later in the day.

In the global market, oil prices rose slightly on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to an OPEC+ meeting left investors awaiting a decision on its output policy. 

Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.91% from its previous close of 6.80% on Thursday.

The benchmark five-year interest rates were trading 10 basis points higher at 6.87% from its previous close of 6.77% on Thursday.