Bond yields traded lower on Friday as the market awaited the auction of a new 10-year security for further directional cues.
In the global market, U.S. Treasury yields were relatively unchanged on Thursday as investors monitored the government shut down and ramifications of an economic data blackout. Furthermore, Oil prices rose in Asian trade on Friday after hitting over four-month lows, but remained on track for a steep weekly loss due to oversupply worries sparked by reports that OPEC+ would raise output again next month.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.51% from its previous close of 6.52% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.10% from its previous close of 6.11% on Wednesday.
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