Bond yields traded higher on Friday as Engineering Exports Promotion Council (EEPC) has said that India’s engineering goods exports maintained a growth trajectory for the fourth consecutive month in September, with a 2.93 per cent rise year-on-year to $10.11 billion.
In the global market, U.S. Treasury yields pushed higher on Thursday as investors studied the Federal Reserve’s second-interest rate reduction this year and the outlook for the central bank’s next policy meeting in December. Furthermore, oil prices eased on Thursday as investors assessed a potential truce in a trade spat between the United States and China, as President Donald Trump lowered tariffs on China after a meeting with President Xi Jinping in South Korea.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.59% from its previous close of 6.57% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 6.22% from its previous close of 6.19% on Thursday.