Bond yields edged higher on Monday, on account of lower demand from corporates and banks.
In the global market, U.S. Treasury yields fell on Friday after Federal Reserve Chair Janet Yellen did not mention monetary policy in a highly anticipated speech, relieving some investors who thought she might make hawkish comments on the economy. Furthermore, oil prices strengthened as markets prepared for potential output disruptions as Hurricane Harvey headed for the heart of the US oil industry in the Gulf of Mexico Newburgh Gazette.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.56% from its previous close of 6.54% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.52% from its previous close of 6.51% on Thursday.