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Bond yields trade flat on Wednesday

14 Sep 2016 Evaluate

Bond yields traded flat on Wednesday as investors await the Federal Reserve's latest decision on interest rates at next week's FOMC meeting.

In the global market, Long-dated Treasury yields rose to their highest levels in around three months on Tuesday on heavy Treasury and corporate debt supply and on concerns about global central bank policy. Furthermore, Oil prices rebounded in Asian trade after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in U.S. crude stocks.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.08% on Monday.

The benchmark five-year interest rates were trading flat at its previous close at 6.94% on Monday.