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Bond yields trade flat on Thursday

19 Nov 2020 Evaluate

Bond yields traded flat, as investors await the central bank’s simultaneous purchase and sale of notes at a so-called special open market operation, due later today.

In the global market, U.S. Treasury yields rose on Wednesday on optimism over coronavirus vaccines and after a weak 20-year bond auction dented the appeal of the safe haven debt. Furthermore, U.S. crude futures fell, giving up some of gains from the previous day as surging COVID-19 cases and widening lockdowns raised fears over fuel demand, offsetting further upbeat vaccine news.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 5.87% on Wednesday.

The benchmark five-year interest rates were trading flat with its previous close of 5.09% on Wednesday.