Bond yields traded higher on Friday, as crude oil prices rose and ahead of weekly supply of notes via auction at home.
In the global market, US Treasury yields fell on Thursday, with longer-dated yields hitting five-week lows, as China and the United States were set to resume tense trade talk’s just hours ahead of the Trump administration's plan to raise tariffs on Chinese imports. Furthermore, oil prices rose more than 1 percent amid renewed optimism that a trade deal could be struck between Washington and Beijing, calming fears that a protracted tariff war would harm global economic growth.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.41% from its previous close of 7.40% on Thursday.
The benchmark five-year interest rates were trading flat at its previous close at 7.25% on Thursday.