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Bond yields edged flat on Tuesday

14 May 2024 Evaluate

Bond yields edged flat on Tuesday amid inflation based on wholesale price index (WPI) accelerated in the month of April 2024 to 1.26% from 0.53% in March 2024, due to increase in prices of food articles, crude petroleum & natural gas, manufacture of food products, other manufacturing etc.

In the global market, U.S. Treasury yields fell slightly Monday as investors looked to key inflation data and comments from Federal Reserve officials slated for the week. Furthermore, oil prices rose on Monday, as signs of improving demand in the U.S. and China, the top two oil consumers, aided the bounce from the previous session's $1 a barrel slide.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.11% on Monday.  

The benchmark five-year interest rates were trading 1 basis point lower at 7.11% from its previous close of 7.12% on Monday.  

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