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Bond yields trade flat on Friday

23 Dec 2016 Evaluate

Bond yields traded flat on Friday as sentiment remains subdued ahead of a fresh supply of debt, though meeting minutes of the nation's Monetary Policy Committee hint at a delay in rate cuts.

In the global market, U.S. Treasury yields rose on Thursday after data showed improving economic growth, and as investors prepared for new Treasury supply next week. Furthermore, Oil prices slipped ahead of the Christmas and New Year holidays, wiping out some of the gains in the previous session as traders took profits. A strong dollar also weighed on sentiment.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.52% on Thursday.

The benchmark five-year interest rates were trading 4 basis points higher at 6.70% from its previous close of 6.66% on Thursday.  

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