Bond yields traded flat on Wednesday as Ministry of Commerce & Industry in its latest data has showed that the output of eight key infrastructure sectors slowed down to an eight-month low of 0.5 per cent in April 2025 due to contraction in the production of crude oil, refinery products and fertiliser. The key infrastructure sectors’ output had expanded by 6.9 per cent in April 2024.
In the global market, U.S. Treasury yields wavered Tuesday as traders assessed the Federal Reserve’s potential policy moves in the near future after benchmark rates reached key levels in the prior session. Furthermore, oil prices were little changed on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.27% on Tuesday.
The benchmark five-year interest rates were trading 1 basis points higher at 5.96% from its previous close of 5.95% on Tuesday.
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