Skip to main content

MoneyWorks4Me

Bond yields trade higher on Thursday

29 Sep 2016 Evaluate

Bond yields edged higher on Thursday as investors turned jittery after the Indian Army announced surgical strikes against terrorists across Line of Control.

In the global market, U.S. long-dated Treasury debt yields edged higher on Wednesday, boosted by a Reuters report that OPEC has reached a deal to limit oil production, with the agreement to be implemented in November. Furthermore, Gold prices inched up as the dollar slipped following a deal by oil producers to curb output. 

Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.94% from its previous close of 6.92% on Wednesday.

The benchmark five year yields were trading 1 basis point higher at 6.84% from its previous close of 6.83% on Wednesday.