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Bond yields trade flat on Friday

04 Nov 2016 Evaluate

Bond yields traded flat on Friday as investors were cautious ahead of US elections which is due next week. The most recent market jitters over the race to the White House started in earnest a week ago, after the Federal Bureau of Investigation (FBI) said it was investigating new emails related to Democratic nominee Hillary Clinton's use of a private server when she was secretary of state. Following news about the FBI's investigations, some polls showed the presidential race in battleground states was tight, with Republican nominee Donald Trump appearing to gain some ground.

Furthermore, Oil prices edged up, stabilizing after five straight days of falls triggered by a surge in U.S. crude inventories and doubts over the ability of producers to coordinate output cuts.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.82% on Thursday.

The benchmark five-year interest rates were trading flat at its previous close at 6.71% on Thursday.