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Bond yields trade flat on Thursday

10 Aug 2017 Evaluate

Bond yields traded flat on Thursday, as investors remained cautious ahead of fresh supply of notes today and tomorrow.

In the global market, U.S. Treasury bond prices fell slightly as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea began to settle. Furthermore, Oil futures inched down despite official figures showing U.S. crude inventories fell more than expected, with an analyst saying the market had settled into a range.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.47% on Wednesday. 

The benchmark five-year interest rates were trading 1 basis point higher at 6.47% from its previous close of 6.46% on Wednesday. 

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