Bond yields traded marginally higher on Friday as traders await fresh debt supply through the weekly auction to gauge investor appetite at the current yield levels.
In the global market, U.S. Treasury yields rose Thursday as oil prices remained elevated on mounting tensions between the U.S. and Iran. Furthermore, Oil prices rose Friday as investors weighed escalating tensions between the U.S. and Iran after Tehran vowed to target regional infrastructure if President Donald Trump followed through on threats to strike the country’s key facilities.
Back home, the yields on new 10 year Government Stock were trading 01 basis point higher at 6.76% from its previous close of 6.75% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 6.44% from its previous close of 6.42% on Thursday.