The most-traded 6.64% 2035 bond was up 6 basis points at 6.79%
RBI tries another way to tame bond yields as they have been rising in India on worries over inflation
Lockdowns to curtail the lethal second wave of Covid-19 infections have resulted in some earnings downgrade
The MSCI world equity index, which tracks shares in 49 countries, gained 0.1%. Wall Street futures were flat.
German 10-year yields hover near six-week lows; Italy-Germany spread near tightest level in a month
Gold prices hovered near the key level of $1,900 an ounce, supported by a weaker dollar and lower bond yields, while investors awaited U.S. data later this week to gauge inflationary pressure.
US gold futures dropped 0.5% at $1,864.10 per ounce
RBI is trying to maintain a tight leash on the 10-year bond rates, and once again devolved them in Friday's auction
India's benchmark 10-year bond yield was trading at 5.96 per cent by 0852 GMT, down 1 basis point on the day
A rebound in regional economic activity and a drop in US yields boosted sentiment.
The rejection of the bids brought down yields by 2 basis points and the 10-year bond closed at below 6 per cent again, at 5.99 per cent
Gold edged lower on Friday, as a firmer dollar made bullion more expensive for other currency holders, although a pullback in the U.S. Treasury yields limited losses for the safe-haven metal
Spot gold was little changed at $1,792.66 per ounce by 0707 GMT
U.S. gold futures gained 0.5% to $1,786.90 per ounce.
U.S. gold futures eased 0.1% to $1,769 per ounce.
A weaker Rs, slower growth, and higher inflation could lead to investors focusing on export-oriented stocks
Gold prices hit 7-week high on weak dollar, lower bond yields
One of the key drivers of the move in tech has been the Treasury market
Doubts cast about G-Sap effectiveness at a the time when the Covid-19 surge is threatening to halt economic revival in the country
Consumer price index (CPI)-based inflation rose to 5.52 per cent in March, from 5.03 per cent in February. Core inflation was at 5.7 per cent.