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Bond yields trade flat on Tuesday

30 May 2017 Evaluate

Bond yields traded flat on Tuesday, as investors remained cautious ahead of an auction of cash management bills to drain excess liquidity from the banking system.

Furthermore, U.S. crude oil prices rose towards $50 per barrel as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.67% on Monday.

The benchmark five-year interest rates were trading flat at its previous close at 6.93% on Monday.