Bond yields trade lower on Friday
The yields on new 10 year Government Stock were trading 4 basis points lower at 6.49% from its previous close of 6.53% on Thursday
Bond yields traded lower on Friday after Reserve Bank of India’s Monetary Policy Committee (MPC) has reduced the benchmark repo rate by 25 bps to 5.25 per cent.
In the global market, U.S. Treasury yields moved higher on Thursday as investors looked at the latest layoff numbers for November and weekly jobless claims, and continued to expect an interest rate cut at the Federal Reserve’s meeting next week. Furthermore, oil prices settled up on Thursday on investors' expectations for the Federal Reserve to cut interest rates, while stalled Ukraine peace talks tempered expectations of a deal restoring Russian oil flows.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 6.49% from its previous close of 6.53% on Thursday.
The benchmark five-year interest rates were trading 8 basis points lower at 6.15% from its previous close of 6.23% on Thursday.
