Bond yields traded higher ahead of the central bank’s so-called special open market operation today.
In the global market, longer-term U.S. Treasury yields to their highest levels this week and steepened the yield curve after the U.S. Federal Reserve said it would keep interest rates near zero for some time. Furthermore, oil prices were mixed in early trade, just clinging to overnight gains, as concerns about weak fuel demand were in the frame again after Hurricane Sally blasted through the Gulf of Mexico into the southeastern United States.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.01% from its previous close of 5.99% on Wednesday.
The benchmark five-year interest rates were trading 5 basis points higher at 5.40% from its previous close of 5.35% on Wednesday.