Bond yields edged higher on Friday tracking a sharp rise in U.S. Treasury yields ahead of the crucial non-farm jobs data, which, if solid, will further cement expectations of a Federal Reserve rate hike next week.
In the global market, U.S. Treasury yields rose on Thursday with longer-dated yields reaching their highest in about 11 weeks, in step with their German counterparts before Friday's U.S. jobs report that may seal expectations the Federal Reserve will raise rates next week. Furthermore, crude prices inched up after dropping to their lowest in more than three months the session before, pressured by concerns that a global supply glut is proving stubbornly persistent.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.88% from its previous close of 6.86% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.09% from its previous close of 7.08% on Thursday.