Bond yields traded higher on Friday, as traders remained cautious after Fitch Ratings hinted at the country facing macroeconomic risks.
In the global market, US Treasury prices drifted higher on Thursday, sending yields to two-week lows across the curve, as Britain's draft agreement to exit the European Union ran into trouble, prompting investors to seek the safety of government bonds. Furthermore, Oil prices were stable, supported by expected supply cuts from OPEC but held back by record US production.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.78% from its previous close of 7.76% on Thursday.
The benchmark five-year interest rates were trading flat at its previous close at 7.58% on Thursday.