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Bond yields trade flat on Friday

23 Dec 2022 Evaluate

Bond yields were trading flat on Friday as fears of economic growth slowdown coupled with the fresh Covid-19 scare continue weighted down on the market sentiment.

In the global market, U.S. Treasury yields were slightly higher on Thursday as investors await a closely watched inflation number for clues to the U.S. Federal Reserve’s next interest rate move. Furthermore, Oil prices rose on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to U.S. transport fuel demand growth as a looming Arctic storm threatens travel during the holiday season.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.31% on Thursday.

The benchmark five-year interest rates were trading 1 basis point higher at 7.21% from its previous close of 7.20% on Thursday.

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