Bond yields edged higher on Monday, after the central bank announced a smaller-than-expected increase in foreign investment limit in sovereign debt.
In the global market, U.S. Treasury prices gained on Friday as trade tensions mounted between the United States and China and after employers added fewer jobs than expected in March. Furthermore, oil markets stabilised after slumping around 2 percent last Friday on the back of concerns of an intensifying trade dispute between the United States and China, as well as increased U.S. drilling activity.
Back home, the yields on new 10 year Government Stock were trading 4 basis points higher at 7.22% from its previous close of 7.18% on Friday.
The benchmark five-year interest rates were trading 5 basis points higher at 7.15% from its previous close of 7.10% on Friday.