Bond yields edged higher on Friday as U.S. Treasury yields snapped a four-session falling streak yesterday ahead of a vote on President Donald Trump’s healthcare reform bill later in the day.
In the global market, U.S. Treasury prices fell on Thursday as investors waited for a vote by lawmakers on a bill to replace the Obamacare healthcare law, which is seen as a gauge of the Trump administration’s ability to implement near-term goals. Furthermore, oil prices edged up, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.84% from its previous close of 6.83% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.93% from its previous close of 6.94% on Thursday.