Bond yields trade higher on Friday
The yields on new 10 year Government Stock were trading 3 basis points higher at 6.92% from its previous close of 6.89% on Thursday
Bond yields traded higher on Friday ahead of fresh government debt supply through a weekly auction as oil continued to trade below $100.
In the global market, U.S. Treasury yields rose on Thursday as investors assessed the latest weekly jobless claims data and President Trump’s renewed attack on Federal Reserve Chairman Jerome Powell. Furthermore, Oil prices edged lower on Friday with hopes of US-Iran peace talks putting a permanent end to the hostilities.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.92% from its previous close of 6.89% on Thursday.
The benchmark five-year interest rates were trading 4 basis points higher at 6.59% from its previous close of 6.55% on Thursday.
