Indian government bonds drifted lower in early trading on Friday as traders pared positions ahead of the weekly debt sale, while keeping an eye on the economic growth data due later in the day.
The benchmark 10-year bond yield was at 6.5578% as of 10:10 a.m. IST, after closing at 6.5328% on Thursday.
New Delhi is set to sell bonds worth 320 billion Indian rupees ($3.65 billion), with maturities of 15 years and 40 years.
The one-year OIS rate and the two-year OIS OIS rate were not yet traded. The liquid five-year OIS rate stood steady at 5.74%.
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