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Bond yields trade marginally higher on Friday

03 Feb 2017 Evaluate

Bond yields edged marginally higher on Friday as investors remained cautious ahead of a fresh supply of debt through an auction later in the day.

In the global market, U.S. Treasuries were steady as investors waited on Friday's employment data for January, which will be evaluated for any new indications on when the Federal Reserve is likely to next raise interest rates. Furthermore, oil prices edged up on news that U.S. President Donald Trump could be poised to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.41% from its previous close of 6.40% on Thursday.

The benchmark five year yields were trading 1 basis point lower at 6.55% from its previous close of 6.56% on Thursday.