Bond yields edged lower on Monday, on sustained demand from corporates and banks. However, the gains remained capped ahead of a heavy supply of notes this week.
In the global market, U.S. Treasury prices gained on Friday on global concerns about North Korea after it said it might test a hydrogen bomb over the Pacific Ocean, and as investors closed positions before the weekend. Furthermore, Oil prices stood little changed, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna said the market was well on its way towards rebalancing.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 6.64% from its previous close of 6.67% on Friday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.65% from its previous close of 6.67% on Friday.