Bond yields traded flat on Friday amid the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) decided to Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent for the eighth consecutive time.
In the global market, treasury yields were slightly higher early Thursday, looking to break a five-day streak of declines which came amid concerns about waning U.S. economic growth. Furthermore, oil steadied on Friday as OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse oil output increases, but crude was still headed for its third straight weekly loss on demand concerns.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.01% on Thursday.
The benchmark five-year interest rates were trading flat its previous close of 7.03% on Thursday.