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Bond yields trade flat on Friday

21 Jun 2024 Evaluate

Bond yields traded flat on Friday as traders awaited fresh debt supply via the weekly auction and minutes from the central bank's latest policy meeting.

In the global market, U.S. Treasury bond yields were slightly down on Thursday as investors pondered the latest economic data for signs of a slowing economy. Furthermore, crude oil prices slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower.

Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.97% on Thursday.  

The benchmark five-year interest rates were trading 1 basis point lower at 6.99% from its previous close of 7.00% on Thursday.


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