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Bond yields trade slightly lower on Friday

20 Jan 2017 Evaluate

Bond yields edged slightly lower on Friday as investors remained cautious ahead of U.S. President-elect Donald Trump's inauguration later in the day.

In the global market, U.S. Treasury yields surged to two-week highs on Thursday after data showed solid economic growth, a day after Federal Reserve Chair Janet Yellen signaled further interest rate hikes are likely. Furthermore, U.S. oil climbed for a second day underpinned by expectations of tighter supply, but prices remained in a range as they were pressured by rising U.S. inventories.

Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.47% from its previous close of 6.48% on Thursday. 

The benchmark five-year interest rates were trading flat at its previous close at 6.59% on Thursday.