Bond yields traded flat on Wednesday as investors remained cautious ahead of the first-round presidential polls in France this weekend amid brewing geopolitical tensions.
Furthermore, U.S. Treasury yields fell to five-month lows on Tuesday as nervousness ahead of France’s first round of presidential elections this weekend and ongoing geopolitical tensions increased demand for safe-haven U.S. debt. Meanwhile, oil prices dipped as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.86% on Tuesday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.96% from its previous close of 6.98% on Tuesday.