Bond yields edged higher on Friday, as investors remained cautious ahead of a fresh supply later in the day.
In the global market, longer-dated U.S Treasury yields rose on Thursday as risk appetite increased, diminishing the attractiveness of safe-haven U.S. government debt. Furthermore, oil prices dipped as the U.S. dollar strengthened, although OPEC-led supply cuts are seen supporting markets going into next year.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.08% from its previous close of 7.06% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.92% from its previous close of 6.91% on Thursday.