Bond yields edged higher on Friday, ahead of a fresh supply of notes as demand remains subdued following the Monetary Policy Committee's forecast that inflation will accelerate in coming months.
In the global market, U.S. Treasury debt yields rose on Thursday, bolstered by continued gains in the U.S. stock market as well as bullish comments on the economy from Federal Reserve officials that supported another rate hike in December. Furthermore, Oil markets were cautious as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.75% from its previous close of 6.73% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.71% from its previous close of 6.70% on Thursday.