Bond yields edged lower on Friday, tracking a fall in U.S. Treasury yields, after the European Central Bank hinted they may not hike interest rates until the middle of 2019.
In the global market, U.S. Treasury yields fell on Thursday after the European Central Bank signaled it will hold rates low for longer than many investors expected. Furthermore, brent oil prices extended declines on Friday, as Saudi Arabia and Russia, architects of a producer deal to cut output, indicated ahead of a key OPEC meeting in Vienna next week that production could rise.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 7.93% from its previous close of 7.95% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.96% from its previous close of 7.97% on Thursday.