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Bond yields trade flat on Tuesday

15 Oct 2019 Evaluate

Bond yields traded flat on Tuesday, as September’s retail inflation accelerated to a faster-than-expected 14-month high of 3.99%, raising uncertainty over future rate cut trajectory by the rate-setting panel.

Furthermore, Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the US-China trade deal announced by President Trump late last week.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.67% on Monday. 

The benchmark five-year interest rates were trading flat at its previous close at 6.34% on Monday.