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Bond Yields Edge Up Amid Global Oil Price Pullback

By ThePip DeskBond Yields Edge Up Amid Global Oil Price Pullback

New 10-year government stock yields rose slightly to 7.06% on Friday, influenced by easing global oil prices and shifting interest rate outlooks.

Bond yields traded marginally higher on Friday as a pullback in oil prices helped ease global inflation worries and the outlook for interest rates.

Domestic Market Movement

The yields on new 10-year Government Stock were trading 1 basis point higher at 7.06% from its previous close of 7.05% on Thursday.

The benchmark five-year interest rates were trading flat with its previous close of 6.77% on Thursday.

Global Market Context

In the global market, U.S. Treasury yields declined on Thursday, with the 10-year note yield heading toward its largest single-day decrease in over three weeks as oil prices retreated and investors locked in gains following a recent rally.

Furthermore, oil prices fell on Friday as expectations of restored Saudi pipeline flows eased immediate supply concerns.

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