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Bond yields trade flat on Thursday
Date: 21-07-2016Bond yields traded flat on Thursday amid lack of fresh triggers. Investors deferred purchases ahead of a fresh supply of notes tomorrow.
In the global market, U.S. Treasury debt yields rose on Wednesday in thin trading, bolstered by gains in stocks worldwide as well as a growing view that the Federal Reserve could raise interest rates at least once this year despite risk seen from recent geopolitical events. Furthermore, Oil prices rose on Thursday, lifting U.S. crude from two-month lows, after the U.S. government reported a ninth straight week of crude inventory draws, easing some concerns in a market worried about a glut.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.27% on Wednesday.
The benchmark five-year interest rates were trading flat from its previous close at 7.11% on Wednesday.