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Bond yields trade flat on Friday

06 Jan 2017 Evaluate

Bond yields traded flat on Friday as investors remained cautious on rising crude oil prices which will fuel inflation and raise import bill and hurt India’s economy growth.

In the global market, U.S. Treasury debt yields dropped broadly on Thursday, falling for a third straight session, as investors grew risk-averse amid uncertainty about the incoming Trump administration. Furthermore, oil prices were steady as the start of supply cuts by Saudi Arabia and Abu Dhabi supported the market, but doubts that all producers will implement output reductions agreed in a landmark deal last year kept markets from rising further.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.39% on Thursday.

The benchmark five-year interest rates were trading flat at its previous close at 6.53% on Thursday.

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