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Bond yields edge marginally lower on Friday

10 May 2024 Evaluate

Bond yields edged marginally lower on Friday tracking US peers, with the focus now turning to the weekly debt auction for further cues. 

In the global market, Treasury yields fell Thursday following the release of fresh U.S. unemployment data and a bond auction that was met with strong demand. Furthermore, Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results.

Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.12% from its previous close of 7.13% on Thursday.  

The benchmark five-year interest rates were trading 1 basis point lower at 7.12% from its previous close of 7.13% on Thursday.   


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