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Bond yields trade flat on Friday

03 Nov 2017 Evaluate

Bond yields traded flat on Friday, as investors remained cautious ahead of a weekly debt auction later in the day.

In the global market, U.S. Treasuries were little changed on Thursday after President Donald Trump nominated Federal Reserve Governor Jerome Powell to head the Federal Reserve, as expected, and prices ended the day higher. Furthermore, oil markets firmed on Friday, supported by confident sentiment as OPEC-lead supply cuts help tighten the market, but analysts cautioned that the cuts would need to be extended to counter rising U.S. output.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.86% on Thursday.   

The benchmark five-year interest rates were trading flat at its previous close at 6.74% on Thursday.