Bond yields edged flat on Friday, as investors remained cautious ahead of a fresh supply of notes today.
In the global market, the US yield curve flattened, close to levels not seen in 11 years, on Thursday as upbeat data on the jobs market and business activity reinforced the view of further interest rate increases from the Federal Reserve. Furthermore, Oil prices gained after Saudi Arabia's OPEC governor said the kingdom's exports are likely to fall next month and inventories may be squeezed in the third quarter.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.79% on Thursday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.96% from its previous close of 7.94% on Thursday.
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