Bond yields traded higher on Friday as Central Board of Direct Taxes (CBDT) in its latest data has showed that net direct tax collection grew 9.18 per cent to over Rs 10.82 lakh crore till September 17 in this fiscal (FY26), due to higher advance tax mop-up from corporates and slower refunds.
In the global market, U.S. Treasury yields moved higher on Thursday, despite a rate cut one session earlier, after fresh jobless claims data assuaged investors' fears about a labor market slowdown. Furthermore, oil prices edged lower on Thursday after the Federal Reserve (Fed) cut interest rates for the first time this year, even as US government data showed a draw in crude inventories.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.51% from its previous close of 6.50% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 6.30% from its previous close of 6.27% on Thursday.