Bond yields were trading steady at its previous close of 7.48%, as investors remained cautious ahead of the key US jobs data, which will offer a indication of whether the Federal Reserve will pull the trigger in June. Fed chair Janet Yellen said last week that the ongoing improvement in the US economy would warrant another interest rate increase in the coming months, though stopping short of giving an explicit hint that the central bank would act at its 14-15 June meeting.
In the global market, U.S. Treasury debt yields fell across the board on Thursday, undermined by worries about OPEC failing to agree on oil output, concerns over Britain's future in the EU, and overall uncertainty ahead of Friday's U.S. non-farm payrolls report. Moreover, Oil prices held steady in Asian trading on Friday after a fall in US crude inventories offset OPEC's decision to shun production caps.
Back home, the yields on new 10 year Government Stock were trading steady at its previous close of 7.48%.
The benchmark five-year interest rates were trading flat from its previous close at 7.44% on Thursday.