Bond yields traded higher on Friday, ahead of a fresh supply of notes at a weekly debt auction today.
In the global market, U.S. Treasury yields, which rose on Thursday after better-than-expected June jobs data, slipped later in the session ahead of a long holiday weekend, which could bring more troubling news in the battle against the coronavirus outbreak. Furthermore, crude prices fell as the resurgence of the coronavirus globally and in the United States, the world's largest oil consumer, dimmed the prospects of fuel demand recovery.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 5.86% from its previous close of 5.84% on Thursday.
The benchmark five-year interest rates were trading 2 basis points higher at 5.06% from its previous close of 5.04% on Thursday.