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Bond yields trade higher on Monday

05 Mar 2018 Evaluate

Bond yields edged higher on Monday, tracking firm U.S. Treasury yields.

In the global market, U.S. Treasury yields rose on Friday, with the 10-year yield bouncing back from a three-week low as the Bank of Japan's chief hinted at a possible exit from its ultra-easy policies if inflation hits its target in its fiscal 2019. Furthermore, oil prices rose ahead of a meeting between OPEC and U.S. shale firms in Houston, raising expectations that oil producers would discuss further how to clear a global oil glut.

Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.76% from its previous close of 7.74% on Thursday.

The benchmark five-year interest rates were trading 1 basis point higher at 7.49% from its previous close of 7.48% on Thursday.

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