Bond yields traded flat on Friday, as investors remained cautious ahead of a fresh supply of notes later in the day, while underlying sentiments remained positive amid bets the nation’s Monetary Policy Committee will go for a rate cut at its review next week.
In the global market, U.S. Treasury prices fell on Thursday as the market was weighed down by government and corporate debt supply, and as investors evaluated the Federal Reserve's statement that it is closer to paring its balance sheet. Furthermore, oil prices edged lower but were still near 8-week highs, buoyed by a decline in U.S. inventories and OPEC's ongoing efforts to curb production.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.44% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.53% from its previous close of 6.54% on Thursday.