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Bond yields trade lower on Thursday

08 Mar 2018 Evaluate

Bond yields edged lower on Thursday, tracking a fall in crude oil prices. Hopes of improving liquidity conditions also supported demand.

In the global market, US Treasuries were little changed on Wednesday in choppy trading as investors weighed the risks of trade wars following the resignation of Gary Cohn, the top economic advisor to U.S. President Donald Trump, and the prospect of a more hawkish Federal Reserve as economic momentum improves. Furthermore, oil prices steadied after falling the previous day on the back of record U.S. crude production and rising inventories.

Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 7.66% from its previous close of 7.68% on Wednesday. 

The benchmark five-year interest rates were trading 1 basis point lower at 7.42% from its previous close of 7.43% on Wednesday.