Bond yields traded marginally lower on Friday as traders await a fresh supply of debt through the weekly auction.
In the global market, U.S. Treasury yields fell Thursday, with the 10-year dropping below 4%, after initially moving lower in the wake of a weaker-than-expected survey of economic conditions in the Philadelphia region. Furthermore, Crude oil futures traded flat on Friday after US President Donald Trump announced plans to meet Russian President Vladimir Putin to discuss the Russia-Ukraine war.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.49% from its previous close of 6.50% on Thursday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.11% from its previous close of 6.13% on Thursday.
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