Bond yields edged higher on Friday, ahead of a weekly supply of notes, while renewed worries over fiscal slippage will weigh on investor sentiment.
In the global market, US Treasuries reversed earlier price weakness on Thursday as concerns grew that Britain’s parliament may not pass a deal designed to avoid a disorderly exit from the European Union. Furthermore, Oil prices edged lower, dragged down by a trade dispute between China and the United States.
Back home, the yields on new 10 year Government Stock were trading 9 basis points higher at 6.81% from its previous close of 6.70% on Thursday.
The benchmark five-year interest rates were trading 10 basis point higher at 6.45% from its previous close of 6.35% on Thursday.