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Bond yields trade flat on Thursday

31 Aug 2017 Evaluate

Bond yields traded flat on Thursday, as traders remained on sidelines ahead of Gross Domestic Product (GDP) figures to be announced later in the day.

In the global market, U.S. Treasury yields held near nine-month lows on Wednesday as concerns about rising tensions with North Korea kept a bid for the bonds, and offset data that showed solid economic momentum. Furthermore, crude oil prices fell again on Thursday on the resulting drop in demand.

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

The benchmark five-year interest rates were trading flat at its previous close at 6.51% on Wednesday.