Bond yields edged higher on Friday tracking gains in U.S. Treasury yields and ahead of a weekly auction of notes.
In the global market, U.S. Treasury debt yields climbed to roughly five-month peaks on Thursday, spurred by gains in German and British bonds as investors speculated that the Bank of England and the European Central Bank would both hold off on further easing measures. Furthermore, Oil prices were steady, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut big enough to curb a global glut that has dogged markets for two years.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.91% from its previous close of 6.89% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.72% from its previous close of 6.71% on Thursday.