Bond yields were holding steady on Thursday amidst lack of any fresh triggers. Investors remained on sidelines ahead of Britain’s referendum today, which will decide whether Britian would remain in the European Union or not.
In the global market, U.S. Treasury prices gained on safety buying on Wednesday after two opinion polls showed that the campaign for Britain to leave the European Union held a lead, a day before of Thursday's membership referendum. Furthermore, oil prices settled down on Friday after the U.S. government reported a smaller-than-expected inventory drawdown, and as investors fretted about Britain's upcoming vote on whether to stay in the European Union.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.47% on Wednesday.
The benchmark five-year interest rates were trading flat from its previous close at 7.43% on Wednesday.