MUMBAI, Nov 25 (Reuters) – Indian government bond yields are expected to open firm on Friday as traders exercise caution and avoid taking large positions ahead of the weekly debt auction.

India’s benchmark 10-year bond yield is likely to trade in a range of 7.25% to 7.29% after closing one basis point (bps) lower at 7.2548% on Thursday.

US markets were closed Thursday for the Thanksgiving holiday and there wasn’t much movement in oil prices overnight,…