Bond yields edged higher on Friday, ahead of fresh supply of notes and as receding hopes of another round of special open market operation next week hurt appetite.
In the global market, Treasury yields fell on Thursday afternoon after strong demand at a $16 billion auction of 30-year bonds drove prices higher. Furthermore, Oil prices dropped extending days of losses as the threat of war in the Middle East, a major oil producing region, receded and investors switched their attention to economic growth prospects and demand for crude.
Back home, the yields on new 10 year Government Stock were trading 6 basis points higher at 6.58% from its previous close of 6.52% on Thursday.
The benchmark five-year interest rates were trading 9 basis points higher at 6.43% from its previous close of 6.34% on Thursday.