Bond yields traded higher on Friday as the newly appointed Confederation of Indian Industry (CII) President Rajiv Memani has said that the country’s economy is likely to grow 6.4-6.7 per cent during the current financial year (FY26) driven by strong domestic demand, even as geopolitical uncertainty poses downside risks.
In the global market, the 10-year U.S. Treasury yield advanced on Thursday after June’s nonfarm payroll report came in hotter than anticipated. Furthermore, oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised questions about demand ahead of an expected supply boost by major producers.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.30% from its previous close of 6.29% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.08% from its previous close of 6.07% on Thursday.