Bond yields traded higher on Friday as Crisil Intelligence in a report said that India’s real gross domestic product (GDP) growth would be steady at 6.5 per cent in fiscal 2026 despite uncertainties stemming from geopolitical turns and trade-related issues led by US tariff actions.
In the global market, 10-year U.S. Treasury yield moved higher on Thursday as investors weighed the economic effect of tariff negotiations between the U.S., Canada and Mexico and awaited key jobs data due Friday. Furthermore, oil prices were steady on Thursday, recovering slightly from a multi-year low, though Brent was still below $70 under pressure from trade tariffs between the U.S., Canada, Mexico and China and OPEC+ plans to raise output.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.79% from its previous close of 6.68% on Thursday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.71% from its previous close of 6.60% on Thursday.
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