Bond yields traded higher on Friday, ahead of a fresh supply of notes at a weekly auction today.
In the global market, U.S. Treasury yields rose on Thursday as stocks gained, reducing demand for safe haven bonds, and after the Treasury sold a record large amount of seven-year notes to slightly soft demand. Furthermore, oil prices edged lower after U.S. inventory data showed lacklustre fuel demand in the world's largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.00% from its previous close of 5.99% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 5.45% from its previous close of 5.42% on Thursday.