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Bond yields trade flat on Tuesday

20 Jun 2023 Evaluate

Bond yields traded flat on Tuesday ahead to US Fed Chair Jerome Powell's congressional testimonies on Wednesday and Thursday for clues on the monetary policy ahead. 

In the global market, oil prices eased on Monday as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.05% on Monday.

The benchmark five-year interest rates were trading flat with its previous close of 6.99% on Monday.