Bond yields traded higher on Friday as Moody’s Ratings in its Global Macro Outlook has said it expects India - the fastest-growing G-20 economy - will grow at 6.5 per cent through 2027, supported by domestic and export diversification.
In the global market, U.S. Treasury yields rose on Thursday as investors welcomed the end of the longest government shutdown in U.S. history. Furthermore, oil prices fell Wednesday, remaining under pressure from persistent concerns over a looming supply glut and limited only support from increasing signs that an end to the longest ever U.S. government shutdown was at hand.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.53% from its previous close of 6.51% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 6.19% from its previous close of 6.16% on Thursday.
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