Bond yields edged lower on Friday as investors continue to bet that the nation's central bank will ease rates as early as next week.
In the global market, U.S. Treasury debt yields retreated on Thursday, as risk appetite faded amid fresh concerns about Deutsche Bank triggered by a news report saying a number of funds that clear derivative trades with the German lender have withdrawn excess cash and positions. Furthermore, Oil prices dropped on profit-taking, after rising 7 percent in the past two sessions, amid doubts that OPEC's first planned output cut in eight years would make a substantial dent in the global crude glut.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 6.98% from its previous close of 7.02% on Thursday.
The benchmark five-year interest rates were trading 3 basis points lower at 6.88% from its previous close of 6.91% on Thursday.