Bond yields traded lower on Friday even as comments from US Secretary of State Marco Rubio hinted that diplomatic talks linked to the Iran situation were moving in a constructive direction.
In the global market, U.S. Treasury yields rose on Thursday amid reports of progress in U.S.-Iran talks to reopen the Strait of Hormuz. Furthermore, Oil prices resumed their rally Friday after declining for three straight sessions as investors weighed mixed messaging on Iran peace deal negotiations.
Back home, the yields on new 10 year Government Stock were trading 03 basis points lower at 7.08% from its previous close of 7.11% on Thursday.
The benchmark five-year interest rates were trading 06 basis points lower at 6.90% from its previous close of 6.96% on Thursday.
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