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Bond yields trade flat on Friday

01 Aug 2025 Evaluate

Bond yields traded flat on Friday after India's manufacturing sector continued to strengthen in the month of July, aided by faster increases in new orders, output and stocks of purchases. According to the survey report, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) surged to 59.1 in July from 58.4 in June.

In the global market, U.S. Treasury yields were little changed on Thursday as investors parsed the personal consumption expenditures index for June - the Federal Reserve’s preferred inflation gauge. Furthermore, oil prices fell on Thursday as investors weighed the extension of an existing trade deal between the U.S. and Mexico, while a surprise build in U.S. crude stocks on Wednesday also dragged on prices.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.37% on Thursday. 

The benchmark five-year interest rates were trading 04 basis points lower at 6.14% from its previous close of 5.10% on Thursday.

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