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Bond yields trade flat on Monday

07 Nov 2016 Evaluate

Bond yields traded flat on Monday as investors were cautious ahead of a huge supply of state notes this week.

In the global market, U.S. Treasury futures dropped on Sunday as U.S. election week trading kicked off in the wake of news that the FBI was standing by its earlier finding that no criminal charges were warranted against Democrat Hillary Clinton for using a private email server for government work. Furthermore, Oil prices rose, with traders citing opportunistic buying following sharp declines in the previous week on the back of ongoing weak fundamentals.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.84% on Friday.

The benchmark five-year interest rates were trading flat at its previous close at 6.74% on Friday.