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Bond yields trade flat on Tuesday

07 Aug 2018 Evaluate

Bond yields traded flat on Tuesday, ahead of supply from state papers.

In the global market, US Treasury yields dipped on Monday, with the 10-year yield hitting a two-week low on safe-haven demand stemming from the trade conflict between United States and China, the world's two largest economies. Furthermore, oil prices rose ahead of the introduction of U.S. sanctions against major crude exporter Iran.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.77% on Monday.

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