Bond yields traded flat on Friday as today’s weekly debt auction will add to the supply.
In the global market U.S. Treasury yields fell from two-week highs on Thursday, a day ahead of a speech by Federal Reserve Chair Jerome Powell, the week's most anticipated event, which will be scoured for any hints on when the U.S. central bank is likely to begin paring bond purchases. Furthermore, Oil prices rose, on track to post big gains for the week, on worries about near term supply disruptions as energy companies began shutting in production in the Gulf of Mexico ahead of a potential hurricane forecast to hit on the weekend.
Back home, the yields on new 10-year Government Stock were trading flat with its previous close of 6.25% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 5.68% from its previous close of 5.69% on Wednesday.
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