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Bond yields trade lower on Friday

09 Feb 2018 Evaluate

Bond yields edged lower on Friday, as crude oil prices continued to fall, easing concerns about inflation.

In the global market, U.S. Treasury yields rose on Thursday in choppy trading as stocks pared some of their earlier weakness and after the Bank of England said interest rates probably need to rise sooner, adding to expectations of reduced central bank stimulus globally. Furthermore, oil prices fell for a sixth day after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies.

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 flat at its previous close at 7.31% on Thursday.