Bond yields traded lower on Friday, as crude oil prices fell overnight and as domestic inflation slowed to a level below the central bank’s target.
In the global market, US Treasury yields retraced losses on Thursday afternoon as the market digested an earlier US government report showing that consumer prices rose less than expected in August, and after solid demand for 30-year bonds at auction. Furthermore, Oil clawed back some of its losses from the previous session when prices fell the most in a month, although worries that emerging market crises and trade disputes could dent demand continued to drag.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 8.11% from its previous close of 8.13% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 8.18% from its previous close of 8.19% on Wednesday.