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Bond yields trade flat on Friday

20 Nov 2020 Evaluate

Bond yields traded flat on Friday ahead of a fresh supply of notes at a weekly auction today.

In the global market, U.S. Treasury yields fell on Thursday as the prospect of a weak fourth economic quarter overcame optimism that vaccines against COVID-19 are close to being rolled out and could return the economy to normal. Furthermore, U.S. oil prices slipped, dropping for a second day as concerns mounted about the hit to demand from the surge in COVID-19 infections forcing new lockdowns, but prices were supported by signs of movement on a stimulus deal in Washington.

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

The benchmark five-year interest rates were trading 4 basis points lower at 5.05% from its previous close of 5.09% on Thursday.