Bond yields edged higher on Friday, as a higher-than-expected inflation print has quashed hopes of policy easing early next year.
In the global market, US Treasury yields spiked on Thursday, with most maturities hitting four-week highs, after the United States offered to cut tariffs on existing Chinese goods and suspend those scheduled to take effect on Dec 15, a precursor to a possible trade deal. Furthermore, Oil prices extended gains, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world's two biggest economies that has raised big questions about global demand for crude.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.78% from its previous close of 6.77% on Thursday.
The benchmark five-year interest rates were trading 4 basis points lower at 6.61% from its previous close of 6.57% on Thursday.
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