Skip to main content

MoneyWorks4Me

Bond yields trade higher on Monday

10 Sep 2018 Evaluate

Bond yields traded higher on Monday, tracking an uptick in US Treasury yields and crude oil prices.

In the global market, US benchmark Treasury yields rose on Friday to their highest levels in almost a month after the largest annual increase in wages since 2009 raised expectations of higher inflation. Furthermore, Oil prices rose as US drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November.

Back home, the yields on new 10 year Government Stock were trading 7 basis point higher at 8.10% from its previous close of 8.03% on Friday.

The benchmark five-year interest rates were trading 9 basis point higher at 8.19% from its previous close of 8.10% on Friday.