Bond yields traded flat on Friday, as investors remained cautious ahead of a weekly debt auction today, amid concerns over overall demand.
In the global market, U.S. Treasury yields slid on Thursday, pressured by falls in Europe after a surprising drop in euro zone inflation that could constrain the European Central Bank's efforts to unwind its monetary stimulus this year. Furthermore, Oil prices held steady after shedding earlier gains, as market jitters kicked in over the prospect of geopolitical risks from possible new U.S. sanctions against Iran.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.73% on Thursday.
The benchmark five-year interest rates were trading 4 basis points higher at 7.79% from its previous close of 7.75% on Thursday.