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Bond yields trade flat on Tuesday

18 Jul 2017 Evaluate

Bond yields traded flat on Tuesday, as investors remained on sidelines after the industry body, Associated Chambers of Commerce & Industry of India (ASSOCHAM) in its latest report stated that the inflation outlook is expected to remain quite muted at least till festival season of Durga Puja and Diwali.

In the global market, U.S. Treasury yields drifted lower on Monday, trading in narrow ranges, after falling the previous session on soft U.S. inflation and retail sales data ahead of the Federal Reserve's monetary policy meeting next week. Furthermore, Oil prices were stable, supported by strong consumption but weighed by ongoing high supplies from producer club OPEC and also the United States.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.46% on Monday. 

The benchmark five-year interest rates were trading flat at its previous close at 6.55% on Monday.