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Bond yields trade marginally higher on Monday

11 Sep 2017 Evaluate

Bond yields edged marginally higher on Monday, following gains in U.S. Treasury yields. Also, investors maintained a cautious approach ahead of the key macro data of IIP and CPI inflation slated to be announced tomorrow.

In the global market, U.S. long-dated Treasury yields were little changed to slightly lower on Friday, as investors squared positions ahead of next week's auction of government debt. Furthermore, Oil prices edged up after the Saudi oil minister discussed the possible extension of a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.55% from its previous close of 6.54% on Friday.

The benchmark five-year interest rates were trading flat at its previous close at 6.52% on Friday.