Bond yields traded lower on Friday amid easing crude oil prices on hopes of a possible de-escalation in the US-Iran conflict.
In the global market, the 10-year Treasury note yield pulled back on Thursday as investors moved into safe-havens amid a major tech sell-off and looked ahead to the October jobs report due Friday. Furthermore, Oil prices rose Friday as investors weighed the risk of renewed military escalation between the U.S. and Iran following the midterm elections, alongside prospects for a diplomatic breakthrough.
Back home, the yields on new 10-year Government Stock were trading 3 basis points lower at 7.13% from its previous close of 7.16% on Thursday.
The benchmark five-year interest rates were trading 6 basis points lower at 6.95% from its previous close of 7.01% on Thursday.