Bond yields traded lower on Friday ahead of fresh supply through the weekly auction on Friday, adding to prevailing caution over the local central bank's interest-rate outlook.
In the global market, U.S. Treasury yields dropped on Thursday, as investors continued to cash in technology shares and fled to the safety of bonds following the latest wholesale inflation data. Furthermore, Oil prices eased on Friday but were heading for weekly gains on uncertainty over Middle East supplies and a larger-than-expected draw from US crude stockpiles, while European diesel margins dropped following the IEA’s decision to release more diesel.
Back home, the yields on new 10-year Government Stock were trading 2 basis points lower at 7.36% from its previous close of 7.38% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 7.16% on Thursday.
