Bond yields traded higher on Friday as the central bank did not announce an open market operation of notes yesterday that was widely anticipated, and a fresh supply of papers at a weekly auction.
In the global market, the dollar held steady in thin trade but was on track for weekly losses against a basket of major currencies as it remained under pressure on improving risk appetite. Furthermore, oil prices were mixed in quiet trade due to the U.S. Thanksgiving holiday, with West Texas Intermediate (WTI) dropping more than 1% amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic.
Back home, the yields on new 10 year Government Stock were trading 4 basis points higher at 5.91% from its previous close of 5.87% on Thursday.
The benchmark five-year interest rates were trading 4 basis points higher at 5.08% from its previous close of 5.04% on Thursday.