Bond yields edged lower on Friday as state-run lenders are likely to continue purchases to boost fiscal year-end valuations.
In the global market, U.S. Treasury debt yields rose on Thursday after the final fourth-quarter U.S. gross domestic product number was revised higher, reflecting steady but less spectacular growth than in the prior quarter for the world's largest economy. Furthermore, oil prices eased as traders took profits following three days of straight gains on the expectation that an OPEC-led crude supply cut that was initially supposed to only last for the first half of the year would be extended.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.68% from its previous close of 6.69% on Thursday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.83% from its previous close of 6.85% on Thursday.