Bond yields traded flat on Friday, as sentiment remained cautious after oil prices rose on signs the U.S. may resume military strikes against Iran.
In the global market, the 10-year U.S. Treasury yield hovered below 5% on Thursday following the latest inflation data and a strong reading on economic growth. Furthermore, Oil prices climbed on Friday on supply concerns after Yemen’s Iran-aligned Houthis stepped up attacks on Saudi Arabia, on track for a fourth straight monthly gain and the steepest since July.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.38% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 7.31% on Thursday.