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Bond yields trade flat on Tuesday

27 Dec 2016 Evaluate

Bond yields traded flat on Tuesday as sentiment remains subdued ahead of the State and Central government’s bond auction worth Rs 319.47 billion scheduled this week.

Furthermore, Oil prices extended gains on Tuesday in post-Christmas trading, as Opec and non-Opec members are set to start curbing output in less than a week to support oil prices.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.57% on Monday.

The benchmark five-year interest rates were trading flat at its previous close at 6.72% on Monday.