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Bond yields trade lower on Tuesday

20 Apr 2021 Evaluate

Bond yields traded lower on Tuesday with a private report stating that the pandemic has impacted the working capital management for companies and stretched top-500 listed companies’ cash cycles by six days.

In the global market U.S. Treasury yields were higher on Monday even as equities markets fell, as traders looked ahead to a Wednesday bond auction. Furthermore, oil prices rose as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world's biggest oil user, though rising coronavirus cases in Asia capped gains.

Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.07% from its previous close of 6.08% on Monday.

The benchmark five-year interest rates were trading 2 basis points higher at 5.55% from its previous close of 5.53% on Monday.

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