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Bond yields trade flat on Wednesday

05 Jan 2022 Evaluate

Bond yields traded flat on Wednesday, as Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said that strong demand and healthy order books will further help in boosting the country's exports in the coming months.

In the global market, U.S. Treasury yields for most maturities rose on the second trading session of the year on Tuesday, as bond investors geared up for interest rate hikes from the Federal Reserve by mid-year to curb stubbornly high inflation.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.51% on Tuesday.

The benchmark five-year interest rates were trading 1 basis point higher at 5.94% from its previous close of 5.93% on Tuesday.