The benchmark 10-year yield was at 6.9990 per cent as of 10:00 am. (Illustration: Binay Sinha)
Indian government bond yields were flat in the early session on Friday, with the benchmark yield hovering around the 7 per cent mark, while traders eyed demand for fresh debt supply at an auction and key US jobs data for cues.
The benchmark 10-year yield was at 6.9990 per cent as of 10:00 am IST, following its previous close at 6.9994 per cent.
New Delhi aims to raise Rs 280 billion ($3.35 billion) by selling bonds through the weekly auction, including the liquid 15-year paper.
“With hardly any major trigger for the day, traders would want to see the cutoffs which will give an idea about investor appetite for debt especially after index inclusion,” a trader with a private bank said.
The auction comes after a tepid start to foreign inflows following the…
