Bond yields edged lower on Monday on sustained demand from corporates and banks.
In the global market, U.S. Treasury yields held steady in shortened trading on Friday as bond purchases for month-end portfolio rebalancing offset news of a larger-than-expected upward revision to gross domestic product in the first quarter. Furthermore, Oil prices fell as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply.
Back home, the yields on new 10 year Government Stock were trading 13 basis points lower at 6.66% from its previous close of 6.79% on Friday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.94% from its previous close of 6.93% on Friday.