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Bond yields trade higher on Thursday

27 Oct 2016 Evaluate

Bond yields edged higher on Thursday as investors awaited the next set of global and domestic cues.

In the global market, U.S. Treasury debt yields rose on Wednesday, bolstered by a fresh batch of economic data that enhanced the outlook for third-quarter U.S. gross domestic product data due on Friday. Furthermore, Oil prices were stable, but remained below $50 a barrel, as doubts over OPEC's ability to organize a coordinated production cut weighed on markets, while firm demand and concerns over Venezuela's stability offered support.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.88% from its previous close of 6.87% on Wednesday.

The benchmark five-year interest rates were trading 2 basis points higher at 6.71% from its previous close of 6.69% on Wednesday.