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Bond yields trade higher on Friday

25 Apr 2025 Evaluate

Bond yields traded higher on Friday despite as US Treasury Secretary Scott Bessent said that he expects India to strike the first bilateral trade deal to avoid President Donald Trump's reciprocal tariffs.

In the global market, Treasury yields declined on Thursday as investors continue to weigh the latest development on the global trade front, as well as President Donald Trump backtracking on plans to fire the Federal Reserve chief. Furthermore, oil prices were little changed on Thursday as investors weighed a potential OPEC+ output increase, mixed economic news, conflicting tariff signals from the White House and news from the Russia-Ukraine war.

Back home, the yields on new 10 year Government Stock were trading 15 basis points higher at 6.47% from its previous close of 6.32% on Thursday.

The benchmark five-year interest rates were trading 14 basis points higher at 6.24% from its previous close of 6.10% on Thursday.

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