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Bond yields trade lower on Friday

19 Jan 2018 Evaluate

Bond yields edged lower on Friday, on sustained demand from corporates and banks. However, gains were limited as investors remained cautious ahead of a weekly auction of notes.

In the global market, yields on U.S. 10-year notes reached a 10-month high on Thursday after China reported fourth-quarter growth that accelerated for the first time in seven years.  Furthermore, oil prices fell on a bounce-back in U.S. production, but ongoing declines in crude inventories curbed losses in the market.

Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.46% from its previous close of 7.47% on Thursday. 

The benchmark five-year interest rates were trading 1 basis point lower at 7.25% from its previous close of 7.26% on Thursday. 

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