Bond yields trade flat on Friday

Bond yields traded flat on Friday lacking of any fresh triggers. However, the central bank has allowed more government securities held by banks to be considered under Basel III liquidity.

In the global market, U.S. Treasury long-dated debt yields fell from multi-week highs on Thursday, tracking declines in U.S. equities, as risk aversion crept back into the market with earnings disappointment at U.S. tech company Intel and news of arrests over an alleged terror plot in Brazil. Furthermore, Crude oil futures rose but gains were limited following big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are on the rise.

Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.24% on Thursday.

The benchmark five-year interest rates were trading flat from its previous close at 7.10% on Thursday.