Bond yields ended higher even after country’s foreign exchange reserves declined by $997 million to reach $638.646 billion in the week ended September 24. In the previous week ended September 17, 2021, the reserves had tumbled by $1.47 billion to $639.642 billion.
In the global market, longer-term U.S. Treasury yields lower on Friday as they repositioned for the year's fourth quarter, although Washington's budget battles sent up yields on soon-to-mature debt. Furthermore, oil fell ahead of an OPEC+ supply policy meeting that may decide whether a recent rally in prices can be sustained as the world fitfully recovers from the COVID-19 pandemic.
Back home, the yields on new 10-year Government Stock were ended 1 basis point higher at 6.25% from its previous close of 6.24% on Friday.
The benchmark five-year interest rates were ended flat with its previous close of 5.78% on Friday.