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Bond yields trade flat on Wednesday

04 Jul 2018 Evaluate

Bond yields traded flat on Wednesday, as investors remained cautious ahead of the July 6 deadline when US tariffs are due to take effect.

In the global market, US Treasury yields declined on Tuesday, pinning the yield curve at its flattest level in nearly 11 years as U.S. stocks slipped in a shortened session, stoking a safe-haven bid for US government debt. Furthermore, Oil prices edged up, lifted by a report of declining U.S. fuel inventories amid the ongoing crude supply outage at Syncrude Canada in Alberta, which usually supplies the United States.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.88% on Tuesday. 

The benchmark five-year interest rates were trading 1 basis point higher 8.02 from its previous close at 8.01% on Tuesday. 

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