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Bond yields trade lower on Friday

28 Sep 2018 Evaluate

Bond yields traded lower on Friday, as traders await the borrowing details for the second half of this fiscal year.

In the global market, US Treasury yield curve moved to its flattest level in over a week on Thursday, led by a fall in longer-dated yields, despite weak demand at a $31 billion auction of seven-year government notes. Furthermore, Oil prices inched up, with investors trying to gauge the potential impact on supply from looming US sanctions on Iran's crude exports.

Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 8.02% from its previous close of 8.03% on Thursday.

The benchmark five-year interest rates were trading 2 basis point higher at 8.10% from its previous close of 8.08% on Thursday.

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