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Bond yields trade higher on Tuesday

04 Sep 2018 Evaluate

Bond yields traded higher on Tuesday, as trader were cautious tracking higher crude oil prices and after the rupee fell to yet another record low against the dollar yesterday.

In the global market, US oil prices edged up, rising back past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.

Back home, the yields on new 10 year Government Stock were trading 4 basis points higher at 8.04% from its previous close of 8.00% on Monday.

The benchmark five-year interest rates were trading 5 basis points higher at 8.09% from its previous close of 8.04% on Monday.