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Bond yields remain steady amid lack of key triggers

31 May 2016 Evaluate

Bond yields were trading steady at its previous close of 8.80%, amid lack of key triggers ahead of March quarter GDP numbers and March fiscal deficit data, which are scheduled for release after 5.30 pm. Investors were also inactive ahead of an open market purchase of notes by the central bank.

In the global market, US oil prices and the international benchmark Brent moved in opposite directions in early trade, as investors focus on the resumption of Canada oil production and ongoing supply disruptions in Africa ahead of the Organization of the Petroleum Exporting Countries meeting Thursday.

Back home, the yields on new 10 year Government Stock were trading steady at its previous close of 7.46%.

The benchmark five-year interest rates were trading flat from its previous close at 7.43% on Monday.