Bond yields trade higher on Friday
The yields on new 10 year Government Stock were trading 3 basis points higher at 6.60% from its previous close of 6.57% on Thursday
Bond yields traded higher on Friday as India and Oman signed a free trade agreement, which will provide duty free access to 98 per cent of India's exports including textiles, agri and leather goods in Oman.
In the global market, The benchmark 10-year Treasury yield moved lower on Thursday as investors digested delayed inflation data that showed cooling price pressures. Furthermore, oil prices edged marginally higher on Thursday as investors assessed the likelihood of further U.S. sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tankers.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.60% from its previous close of 6.57% on Thursday.
The benchmark five-year interest rates were trading 4 basis points higher at 6.35% from its previous close of 6.31% on Thursday.
