Bond yields edged higher on Friday, amid uncertainty over the government plan to sell bonds overseas continued to dent sentiment.
In the global market, U.S. Treasury yields rose on Thursday after European Central Bank President Mario Draghi said that the bank sees a low risk of a recession in the euro zone, even as he acknowledged a worsening outlook. Furthermore, Oil prices fell after a Reuters poll showed global economic growth is likely to slow further amid the U.S.-China trade war, although losses were limited by tensions in the Middle East.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.54% from its previous close of 6.51% on Thursday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.49% from its previous close of 6.47% on Thursday.