Bond yields traded flat on Friday, as traders stayed on the sidelines ahead of RBI-managed weekly debt auction later in the day amid elevated Brent crude prices and US-Iran conflict.
In the global market, US Treasury yields moved lower across the curve on Thursday, as traders reacted to remarks by Federal Reserve Governor Christopher Waller saying he’s leaning toward keeping interest rates unchanged at the central bank’s next policy meeting in two weeks. Furthermore, Oil prices eased on Friday but were still headed for a weekly gain as rising U.S.-Iran tensions heightened concerns over Middle East supply risks.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.96% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.50% from its previous close of 6.51% on Thursday.