Bond yields edged higher on Friday as tracking a slump in U.S. Treasury prices for a second straight session and as investors make way for a fresh supply of debt later today.
In the global market, the yield on U.S. 30-year Treasury bonds rose 38 basis points on the week for its biggest weekly increase since January 2009 as investors dumped longer-dated bonds on the view U.S. President-elect Donald Trump's economic policies would push up inflation. Furthermore, oil prices settled more than 1 percent lower on Thursday as markets recovered from shock over U.S. President-elect Donald Trump's victory and focused on oversupply concerns, as well as whether OPEC will decide later this month to cut production.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.69% from its previous close of 6.66% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 6.55% from its previous close of 6.52% on Thursday.