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Bond yields trade lower on Monday

27 Mar 2017 Evaluate

Bond yields edged lower on Monday on sustained demand from corporates and banks.

In the global market, U.S. 10-year Treasury note futures prices were higher at the open on Sunday, after President Donald Trump's stunning political setback on Friday when Republican leaders pulled legislation to overhaul the U.S. healthcare system. Furthermore, Oil prices dipped as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended.

Back home, the yields on new 10 year Government Stock were trading 9 basis points lower at 6.74% from its previous close of 6.83% on Friday.

The benchmark five-year interest rates were trading 7 basis points lower at 6.87% from its previous close of 6.94% on Friday.