Bond yields traded flat on Wednesday, as investors assessed the impact of US strikes on Iran on peace deal hopes.
In the global market, US Treasury yields fell on Tuesday as bond markets returned from a Memorial Day break to bolstered hopes of a Middle East peace deal, even as the U.S. military conducted fresh strikes on Iran. Furthermore, Oil prices fell in Asian trade on Wednesday as negotiations between the U.S. and Iran continued despite reports of an exchange of fire this week.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.99% on Tuesday.
The benchmark five-year interest rates were trading flat with its previous close of 6.81% on Tuesday.
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