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Bond yields trade higher on Monday

09 Dec 2019 Evaluate

Bond yields edged higher on Monday, tracking a consistent rise in crude oil prices, while uncertainty over the timing of the next interest rate cut continues to weigh on sentiment.

In the global market, US Treasury yields rose on Friday after the Labor Department reported job growth increased by the most in 10 months in November. Furthermore, Oil prices fell after data showing China's overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being down to global demand by the Sino-US trade war.

Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.40% from its previous close of 6.37% on Friday.

The benchmark five-year interest rates were trading flat at its previous close at 6.66% on Friday.

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