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Bond yields trade flat on Thursday

16 Feb 2017 Evaluate

Bond yields traded flat on Thursday ahead of a government buyback of securities later in the day.

In the global market, U.S. Treasury yields rose to 2-1/2-week highs after data showing surging consumer price inflation in January bolstered expectations that the Federal Reserve is closer to raising interest rates. Furthermore, oil prices eased slightly in choppy trade as record high U.S. crude and gasoline inventories fed concerns about a global glut.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.86% on Wednesday.

The benchmark five-year interest rates were trading 1 basis point lower at 6.96% from its previous close of 6.97% on Wednesday.

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