Bond yields edged higher on Friday tracking gains in U.S. Treasury yields. Besides, another missile launch by North Korea over Japan, too weighed on the sentiments.
In the global market, U.S. Treasury yields rose on Thursday, with the two-year yield hitting a seven-week peak as domestic consumer prices grew at their briskest pace in seven months, rekindling bets the Federal Reserve would raise interest rates for a third time in 2017. Furthermore, Oil prices were lower but largely held gains that had prices flirting with multi-month highs, as the cleanup after hurricanes in the United States gathered pace and the outlook for demand took on a firmer tone.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.60% from its previous close of 6.59% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.55% from its previous close of 6.54% on Thursday.