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Bonds yields remain flat on Wednesday

30 Aug 2017 Evaluate

Bond yields remained flat on Wednesday though investors digested North Korea's firing of a missile over Japan.

In the global market, U.S. benchmark 10-year Treasury note yields fell on Tuesday to their lowest since last November after North Korea fired a ballistic missile over northern Japan and into the sea, sparking safety buying of the bonds. Furthermore, oil prices slid as refinery shutdowns in the wake of Hurricane Harvey cut U.S. demand for crude, the most important feedstock for the petroleum industry.

Back home, the yields on new 10 year Government Stock were remaining flat at its previous close at 6.54% on Tuesday. 

The benchmark five-year interest rates were trading 1 basis point higher at 6.51% from its previous close of 6.50% on Tuesday.