Bond yields trade higher on Friday
The yields on new 10 year Government Stock were trading 6 basis points higher at 6.93% from its previous close of 6.87% on Wednesday
Bond yields traded higher on Friday despite a research by the Asian Development Bank (ADB) stated that the West Asia conflict could lower economic growth in Asia Pacific region by up to 1.3 percentage points over 2026-2027 and raise inflation by 3.2 percentage points if energy market disruptions last more than a year.
In the global market, US 10-year Treasury yields rose on Thursday as investors weighed mixed signals around US-Iran negotiations. Furthermore, oil prices jumped on Thursday amid concerns that an extended Middle East conflict could keep disrupting supply.
Back home, the yields on new 10 year Government Stock were trading 6 basis points higher at 6.93% from its previous close of 6.87% on Wednesday.
The benchmark five-year interest rates were trading 7 basis points higher at 6.67% from its previous close of 6.60% on Wednesday.
