Bond yields edged lower on Friday as investors may continue to add positions amid hopes of monetary easing.
In the global market, U.S. Treasury yields fell on Thursday with benchmark yields hitting near two-week lows on revived bets the Federal Reserve would raise interest rates only slowly due to weak economic growth and inflation stuck below its 2-percent goal. Furthermore, Oil prices eased, pulled down by a technical sell-off following two sessions of strong rises and on caution ahead of meeting of OPEC ministers next week in Algeria to discuss possible production cooperation.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.96% from its previous close of 6.97% on Thursday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.88% from its previous close of 6.90% on Thursday.