Bond yields were trading flat on Friday as fears of economic growth slowdown coupled with the fresh Covid-19 scare continue weighted down on the market sentiment.
In the global market, U.S. Treasury yields were slightly higher on Thursday as investors await a closely watched inflation number for clues to the U.S. Federal Reserve’s next interest rate move. Furthermore, Oil prices rose on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to U.S. transport fuel demand growth as a looming Arctic storm threatens travel during the holiday season.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.31% on Thursday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.21% from its previous close of 7.20% on Thursday.