Skip to main content

MoneyWorks4Me

Bond yields trade marginally lower on Friday

28 Apr 2017 Evaluate

Bond yields edged marginally lower on Friday ahead of a weekly supply of notes today.

In the global market, U.S. Treasury prices rose on Thursday, as investors sought the safety of bonds in the face of doubts about President Donald Trump's unimpressive tax plan and persistent geopolitical tensions in North Korea and Syria. Furthermore, Oil prices rose but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. 

Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.94% from its previous close of 6.95% on Thursday.

The benchmark five-year interest rates were trading flat at its previous close at 7.03% on Thursday.