Bond yields edged higher on Monday, as investors may slow down purchases amid concerns rising crude oil prices may stoke inflation.
In the global market, U.S. Treasury yields were little changed on Friday after the government’s jobs report for October showed that wages did not pick up in the month, raising some concerns about continuing low inflation, though recent hurricanes were seen as distorting the data. Furthermore, Oil prices hit their highest levels since July 2015 as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.89% from its previous close of 6.86% on Friday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.74% from its previous close of 6.73% on Friday.