Bond yields traded higher on Friday as Ministry of Commerce & Industry in its latest release has showed that India has achieved a remarkable milestone in its economic journey, with gross foreign direct investment (FDI) inflows reaching an impressive $1 trillion since April 2000, bolstered by a nearly 26% rise in FDI to $42.1 billion during the first half of the current fiscal year (H1 FY25) as against $33.5 billion in H1 FY24.
In the global market, The 10-year Treasury yield edged up Thursday as investors weighed a hotter-than-expected November wholesale inflation reading. Furthermore, Oil prices were little changed on Thursday as a forecast for ample supply in the oil market offset optimism stemming from rising expectations of a US interest rate cut.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.84% from its previous close of 6.73% on Thursday.
The benchmark five-year interest rates were trading 10 basis points higher at 6.77% from its previous close of 6.66% on Thursday.
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