Bond yields traded flat on Friday, as market participants remained cautious ahead of fresh supply of debt through the first weekly central government auction of 2024.
In the global market, U.S. Treasury yields ticked higher Thursday following the release of fresh employment numbers that indicated the labor market was still going strong. Furthermore, Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.22% on Thursday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.10% from its previous close of 7.08% on Thursday.
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