Bond yields edged lower on Monday after the government said it would buy back notes on October 24, 2016.
In the global market, U.S. Treasury yields were little changed on Friday as expectations the Federal Reserve would raise U.S. interest rates by year-end offset demand for bonds following comments by European Central Bank President Mario Draghi on bond purchases. Furthermore, oil prices fell as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.83% from its previous close of 6.85% on Friday.
The benchmark five-year interest rates were trading 6 basis points lower at 6.67% from its previous close of 6.73% on Friday.