Bond yields edged higher on Friday, tracking gains in crude oil prices ahead of a key meeting of the Organization of the Petroleum Exporting Countries.
In the global market, U.S. Treasury yields fell on Thursday on worries about a continuing U.S. trade battle with China that prompted German carmaker Daimler to cut its 2018 profit forecast, and as U.S. data fell below expectations. Furthermore, oil prices rose by more than 1 percent, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.
Back home, the yields on new 10 year Government Stock were trading 5 basis points higher at 7.82% from its previous close of 7.77% on Thursday.
The benchmark five-year interest rates were trading 5 basis points higher at 7.84% from its previous close of 7.79% on Thursday.