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Bond yields trade flat on Friday

29 Jul 2016 Evaluate

Bond yields traded flat on Friday as investors awaited a fresh supply of government papers later today.

In the global market, U.S. Treasury prices were little changed on Thursday, with longer-dated yields dropping to two-week lows, as the possibility of more stimulus from the Bank of Japan offset softer-than-expected readings on traded goods and jobless claims. Furthermore, Oil prices settled down nearly 2 percent, hitting April lows and with U.S. crude headed for its biggest monthly loss in a year, on growing worries that the world was pumping more crude than needed.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.19% on Thursday.

The benchmark five-year interest rates were trading flat from its previous close at 7.06% on Thursday.

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