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Bond yields trade flat on Tuesday

22 Aug 2017 Evaluate

Bond yields traded flat on Tuesday, ahead of fresh supply of state bonds later in the day, while weekly debt auction later this week also weighed on demand.

In the global market, U.S. Treasuries were steady on Monday as investors awaited speeches by top global central bankers later this week for further signals about monetary policy, with no major data releases to set market direction. Furthermore, Oil prices inched up, lifted by indications that supply is gradually tightening, especially in the United States.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.51% on Monday. 

The benchmark five-year interest rates were trading 1 basis point lower at 6.49% from its previous close of 6.50% on Monday.