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Bond yields trade flat on Tuesday

26 Dec 2023 Evaluate

Bond yields traded flat on Tuesday, with traders staying on the sidelines as they awaited fresh triggers in the new calendar year.

In the global market, the 10-year Treasury yield closed out the week just above 3.9% Friday after new inflation data showed cooling price pressures.  Furthermore, Crude oil prices stayed in a narrow range on Tuesday's light trade over the Christmas holiday as markets weighed the prospect of supply disruptions in Red Sea trading routes.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.18% on Friday.

The benchmark five-year interest rates were trading flat with its previous close of 7.08% on Friday.


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