Bond yields edged higher on Monday, tracking higher U.S. Treasury yields and crude oil prices.
In the global market, U.S. Treasury yields rose Friday following data showing the nation's economy grew 2.6 percent in the final quarter of 2017 and the governor of the Bank of Japan said inflation is finally close to reaching its target. Furthermore, oil prices held firm, supported by strong demand, a weak dollar and ongoing supply cuts lead by OPEC and Russia, although soaring U.S. output means many analysts expect crude prices to fall later in the year.
Back home, the yields on new 10 year Government Stock were trading 4 basis points higher at 7.35% from its previous close of 7.31% on Thursday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.26% from its previous close of 7.24% on Thursday.