Bond yields traded higher on Friday as Reserve Bank of India (RBI) has relaxed norms for investments by foreign portfolio investors (FPIs) in corporate debt securities through the general route by withdrawing certain requirements to comply with the short-term investment limit and the concentration limit. The withdrawal was with a view to providing greater ease of investment to FPIs. In the global market, Treasury yields rose on Thursday as traders assessed the implications of a trade deal between the U.S. and the United Kingdom. Furthermore, Oil prices rose on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the U.S. and China, the world's two largest oil consumers.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.50% from its previous close of 6.39% on Thursday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.22% from its previous close of 6.11% on Thursday.
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