Bond yields traded flat on Monday amid surge in crude prices triggered by worsening Israel-Lebanon tensions that cast a shadow over US-Iran peace push.
In the global market, US treasury yields jumped Friday after a stronger-than-expected May jobs report reinforced the view that the U.S. labor market remains resilient and dampened traders’ hopes for rate cuts. Furthermore, Oil prices jumped on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.97% on Friday.
The benchmark five-year interest rates were trading 4 basis points lower at 6.60% from its previous close of 6.64% on Friday.
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