Bond yields traded flat on Friday amid Ratings firm CRISIL in its latest report has said that India's goods exports are likely to face some headwinds in fiscal 2026, as reciprocal tariffs imposed by the US are seen to aggravate this. It said with the tariff hikes expected to come into effect from August, as India and the US are negotiating on a bilateral trade agreement and a key monitorable.

In the global market, U.S. Treasury yields moved higher on Thursday after key economic data releases, while traders kept an eye on Washington after President Donald Trump’s denial of plans to imminently fire Federal Reserve Chair Jerome Powell. Furthermore, oil prices rose on Thursday as analysts pointed to low inventories and renewed Middle East risks as factors supporting the market.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.30% on Thursday. 

The benchmark five-year interest rates were trading flat with its previous close of 6.07% on Thursday.