Bond yields traded lower on Thursday despite Ministry of Commerce and Industry’s statement that foreign direct investment (FDI) inflows from April to November 2020 have increased by 22 percent (YoY) to $58.37 billion - the highest for the first 8 months of any fiscal.
In the global market, U.S. Treasury yields fell on Wednesday after the Federal Reserve left interest rates unchanged and kept its bond-buying program intact, as widely expected, noting that the economic recovery has slowed in recent months. oil prices slid on fresh worries about weakened fuel demand, after England clamped down on travel and China, the world's second-largest oil consumer, also sought to limit Lunar New Year trips to stem a surge in COVID-19 cases.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 5.93% from its previous close of 5.95% on Wednesday.
The benchmark five-year interest rates were trading 4 basis points lower at 5.29% from its previous close of 5.33% on Wednesday.