Bond yields traded flat on Friday after Union Minister of Science & Technology Jitendra Singh has said that India has emerged as a global torchbearer in linking economic progress with environmental sustainability, guided by the vision of Prime Minister Narendra Modi to achieve a net-zero target by 2070 and encourage a lifestyle in harmony with nature through the LiFE- Lifestyle for Environment movement.
In the global market, The benchmark 10-year Treasury yield fell on Thursday as investors reacted to the latest signs of weakness in the labor market following the the release of a private sector layoff announcement survey. Furthermore, oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the world's largest oil consumer.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close of 6.51% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 6.17% from its previous close of 6.15% on Thursday.