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Bond yields trade flat on Tuesday

26 Jun 2018 Evaluate

Bond yields traded flat on Tuesday, as investors remained cautious ahead of a fresh supply of state papers.

In the global market, prices for U.S. government bonds rose on Monday, pushing yields lower, after the Treasury Department as U.S.-China trade tensions further heightened. Furthermore, Oil prices rose on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued to drag.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.82% on Monday.  

The benchmark five-year interest rates were trading 1 basis point lower at 7.85% from its previous close of 7.86% on Monday.