Bond yields edged lower on Friday, despite a rise in inflation to a near-six-year high in January.
In the global market, U.S. Treasury yields were slightly lower on Thursday as traders balanced worsening news about the coronavirus epidemic in China with positive U.S. economic reports.Furthermore, Oil prices were steady but are set for their first weekly gain in six weeks on the assumption major producers will implement deeper output cuts to offset slowing demand in China, the world's second-largest crude user.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.41% from its previous close of 6.42% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 5.94% from its previous close of 5.95% on Thursday.