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Bond yields trade higher on Tuesday

17 Apr 2018 Evaluate

Bond yields edged higher on Tuesday, as investors remained concerned ahead of state debt supply.

In the global market, the U.S. yield curve reached it flattest level in over a decade on Monday afternoon as the White House said President Trump will nominate economist Richard Clarida as Federal Reserve Vice Chairman. Furthermore, Oil prices rose amid worries there could be a high risk of disruptions to supply, especially in the Middle East.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.50% from its previous close of 7.49% on Monday.

The benchmark five-year interest rates were trading 1 basis point higher at 7.41% from its previous close of 7.40% on Monday.