Bond yields edged higher on Friday, amid lack of fresh triggers in the domestic market, even as U.S. Treasury yields stay elevated.
In the global market, U.S. Treasury yields slipped on Thursday after sizable gains in recent sessions, as investors took a breather from selling bonds and readjusted positions to prepare for more inflation-related volatility, a scenario that could take yields even higher. Furthermore, oil prices edged higher as the dollar stood near a three-year low in subdued Asian trade, with many markets closed for the Lunar New Year holiday.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.59% from its previous close of 7.57% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.39% from its previous close of 7.38% on Thursday.