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Bond yields trade flat on Thursday

12 Oct 2017 Evaluate

Bond yields traded flat on Thursday, as investors remained cautious ahead of release of crucial macro-economic data- August IIP data and September CPI data, which are scheduled to be released later in the day.

In the global market, U.S. Treasury prices were little changed on Wednesday after minutes from the Federal Reserve’s September meeting were in line with expectations and after the Treasury Department saw solid demand for three-year and 10-year note supply. Furthermore, Oil prices eased as U.S. fuel inventories rose despite efforts by OPEC to cut production and tighten the market.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.74% on Wednesday. 

The benchmark five-year interest rates were trading flat at its previous close at 6.69% on Wednesday.