Bond yields traded higher on Friday with NaBFID Chairman KV Kamath’s statement that India’s GDP will likely grow to $25 trillion size in the next 25 years and digital fintech players could contribute to about 25%-30% of the overall growth.

In the global market, U.S. Treasury yields mostly eased on Thursday, retreating after a brief move higher following economic data on the labor market and productivity, as investors eyed comments from a host of Federal Reserve officials schedule to speak during the day. Furthermore, oil prices edged higher on Thursday, after industry data showed U.S. crude oil inventories were expected to have fallen last week, signaling tightening supplies on top of extended production cuts in Saudi Arabia and Russia.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.18% from its previous close of 7.17% on Thursday.

The benchmark five-year interest rates were trading 2 basis points higher at 7.19% from its previous close of 7.17% on Thursday.