Bond yields edged marginally higher on Monday, tracking a rise in U.S. Treasury yields after better-than-expected U.S. jobs data for July.
In the global market, U.S. Treasury yields rose on Friday after data showed that U.S. employers hired more workers than expected in July, while wage growth also met economists’ expectations. Furthermore, Oil prices held near nine-week highs, buoyed by robust U.S. jobs data last week and a slight fall in U.S. drilling, although rising output from OPEC capped gains.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.45% from its previous close of 6.44% on Friday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.45% from its previous close of 6.44% on Friday.