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Bond yields edge marginally higher on Wednesday

27 Dec 2023 Evaluate

Bond yields edged marginally higher on Wednesday as most traders stayed on the sidelines awaiting fresh triggers in the new year. 

In the global market, benchmark U.S. 10-year Treasury yields on Tuesday dipped slightly to open the final week of 2023. Furthermore, Oil prices were trading flat on Wednesday, though intensifying attacks by Iran-backed Houthi rebels in the Red Sea were causing concern the war in the Middle East could escalate.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.19% from its previous close of 7.18% on Tuesday.

The benchmark five-year interest rates were trading 1 basis point higher at 7.09% from its previous close of 7.08% on Tuesday. 


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