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Bond yields edge marginally higher on Friday

22 Dec 2023 Evaluate

Bond yields edged marginally higher on Friday as traders prepare for a new debt issuance through the weekly auction. Also, market participants await the release of the minutes from the recent central bank policy meeting.  

In the global market, the 10-year U.S. Treasury yield fell marginally on Thursday as investors readied for a shorter trading day ahead of the holidays. Furthermore, Oil prices rose on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola's decision to leave OPEC raised questions over the group's effectiveness in supporting prices.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.19% from its previous close of 7.18% on Thursday.

The benchmark five-year interest rates were trading 1 basis point higher at 7.09% from its previous close of 7.08% on Thursday.