Bond yields trade lower on Friday

Bond yields traded lower on Friday as investors remained on sideline over the fragile US-Iran peace deal.

In the global market, US Treasury yields edged lower again Thursday after a report that U.S. and Iranian negotiators agreed to extend a ceasefire drove oil prices lower, even as new U.S. data reflected persistent inflation. Furthermore, Oil prices edged lower in Asian trading on Friday and were headed for weekly declines as investors weighed the prospects of a U.S.-Iran agreement and reports that both sides were close to extending a fragile ceasefire. 

Back home, the yields on new 10 year Government Stock were trading 01 basis point lower at 6.98% from its previous close of 6.99% on Wednesday.  

The benchmark five-year interest rates were trading 01 basis point higher at 6.83% from its previous close of 6.82% on Wednesday.