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Bond yields trade flat on Monday

09 Jul 2018 Evaluate

Bond yields traded flat on Monday, as an uptick in crude oil prices weighed on demand.

In the global market, US 10-year Treasury yields fell to their lowest levels in 5-1/2 weeks after jobs data for June showed that wage pressures were below economists’ expectations, and the Treasury yield curve flattened to its tightest since 2007. Furthermore, oil prices inched up in early Asian trading, with many investors focused on any fallout from the U.S. imposition of tariffs on Chinese goods at the end of last week, which prompted immediate retaliation from China.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.87% on Friday.

The benchmark five-year interest rates were trading 1 basis point higher at 8.05% from its previous close of 8.04% on Friday.

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