Bond yields trade higher on Friday
The yields on new 10 year Government Stock were trading 3 basis point higher at 6.30% from its previous close of 6.27% on Thursday

Bond yields traded higher on Friday as Union minister Nitin Gadkari has said that India will become the net exporter of energy in next six to seven years. He noted that ‘Today we are the importer of the energy but within six to seven years we will be exporter of the energy’. Stressing that hydrogen is the fuel of the future, he said the government is encouraging alternative fuel and biofuel such as ethanol, biodiesel, electric vehicles, and hydrogen.
In the global market, U.S. Treasury yields were lower on Thursday amid renewed concerns that President Donald Trump is considering replacing Federal Reserve Chairman Jerome Powell. Furthermore, oil prices edged higher on Thursday with investors focused on market fundamentals as crude and fuel inventories fell in the U.S. and the dollar sank to a multi-year low, while the market remained cautious about the Iran-Israel ceasefire.
Back home, the yields on new 10 year Government Stock were trading 3 basis point higher at 6.30% from its previous close of 6.27% on Thursday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.03% from its previous close of 6.01% on Thursday.