Bond yields traded higher on Friday as Export Import Bank of India (EXIM Bank) has said that India's overall merchandise exports are likely to grow 3 per cent to $113.7 billion during the first quarter of the current fiscal year (Q1FY26). It said the non-oil exports are forecast to grow 10.9 per cent to $99.2 billion in Q1FY26.
In the global market, U.S. Treasury yields moved lower on Thursday as investors digested a cooler-than-expected inflation reading. Furthermore, oil prices fell Thursday on expectations that the U.S. and Iran may soon reach a deal over Tehran’s nuclear program.
Back home, the yields on new 10 year Government Stock were trading 08 basis points higher at 6.31% from its previous close of 6.23% on Thursday.
The benchmark five-year interest rates were trading 07 basis points higher at 6.03% from its previous close of 5.96% on Thursday.