Bond yields traded marginally higher on Friday as a pullback in oil prices helped ease global inflation worries and the outlook for interest rates.
In the global market, U.S. Treasury yields declined on Thursday, with the 10-year note yield heading toward its largest single-day decrease in over three weeks as oil prices retreated and investors locked in gains following a recent rally. Furthermore, Oil prices fell on Friday as expectations of restored Saudi pipeline flows eased immediate supply concerns.
Back home, the yields on new 10-year Government Stock were trading 1 basis point higher at 7.06% from its previous close of 7.05% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 6.77% on Thursday.
