Bond yields traded lower on Friday, as investor’s sentiment remained upbeat amid hopes of easy monetary policies across the world. Meanwhile, investors got some relief as the revival in monsoon rains eased concern about a surge in inflation.
In the global market, US Treasury debt prices ended little changed on Thursday, closing out a stellar first half of the year for U.S. government bonds as global economic worries and negative yields in Europe and Japan helped drive demand. Furthermore, Oil prices rose on Friday, with Brent jumping back above $50 per barrel, as investors positioned themselves for more price increase this year in expectation of a tighter market.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 7.41% from its previous close at 7.45% on Thursday.
The benchmark five-year interest rates were trading 3 basis points lower at 7.36% from its previous close at 7.39% on Thursday.