Bond yields edged higher on Friday, as investors remained cautious ahead of a fresh supply of notes through a weekly auction today.
In the global market, U.S. Treasury prices were stable to slightly lower on Thursday while the yield curve was slightly steeper, suggesting the flattening of the yield curve this week was stalling on a rise in oil prices. Furthermore, Oil edged up, recovering slightly from steep falls earlier in the week, but is set for the worst performing first-half in two decades despite ongoing production cuts.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.46% from its previous close of 6.45% on Thursday.
The benchmark five-year interest rates were trading flat at its previous close at 6.68% on Thursday.