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Bond yields trade flat on Friday

13 Jul 2018 Evaluate

Bond yields traded flat on Friday, as investors remained wary after two sets of data released showed that Industrial production slipped to a seven-month low of 3.2% in May, while retail inflation jumped to a five-month high of 5% in June.

In the global market, US Treasury yields edged higher on Friday, as economic data showed US inflation buildup remained modest and labor markets were strong, reinforcing expectations the Federal Reserve will maintain its rate increase schedule. Furthermore, oil prices edged lower and were set for a second weekly fall, as the market shrugged off a warning that spare capacity may be stretched as OPEC and Russia increase production.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.78% on Thursday.

The benchmark five-year interest rates were trading flat at its previous close at 7.93% on Thursday.

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