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Bond yields trade flat on Thursday

08 Oct 2020 Evaluate

Bond yields traded flat as investors await the rate-setting panel’s decision due tomorrow.

In the global market, U.S. Treasury prices fell on Wednesday, amid hope there could be a relief package for airlines, small businesses, and individuals, after President Donald Trump scuppered talks for a comprehensive coronavirus-related stimulus the previous session. Furthermore, oil prices rose as oil workers evacuated rigs in the U.S. Gulf of Mexico ahead of Hurricane Delta, though fuel demand concerns persisted on fading chances for an economic stimulus deal in the United States, the world's biggest oil consumer.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.01% on Wednesday.

The benchmark five-year interest rates were trading 1 basis point lower at 5.26% from its previous close of 5.27% on Wednesday.

 

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