Bond yields edged higher on Friday, as sentiment remained positive on the central bank’s announcement to conduct a special open market operation next week.
In the global market, longer-term U.S. Treasury yields were slightly lower on Thursday as investors set aside the latest grim jobs report to focus on how quickly the U.S. economy might reopen amid the coronavirus pandemic. Furthermore, oil prices rose, gaining further ground as some producers like Kuwait said they would move to cut output swiftly to try to counter the evaporation in global demand for fuels caused by the coronavirus pandemic.
Back home, the yields on new 10 year Government Stock were trading 5 basis points higher at 6.11% from its previous close of 6.06% on Thursday.
The benchmark five-year interest rates were trading 5 basis points higher at 5.14% from its previous close of 5.09% on Thursday.