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Bond Yields Rise Amid US Treasury Rout & High Oil Prices

By ThePip DeskBond Yields Rise Amid US Treasury Rout & High Oil Prices

Domestic bond yields climbed Friday following a multi-decade rout in US treasuries. Discover the impact on 10-year government stock and benchmark rates.

Domestic debt tracked a multi-decade rout in US treasuries and oil remained above $100 a barrel, pushing bond yields higher on Friday.

Key Numbers And Yield Levels

  • 7.13%: Yield on new 10-year Government Stock
  • 7.11%: Previous close for new 10-year Government Stock on Thursday
  • 2 basis points: Increase in yields for new 10-year Government Stock
  • 6.84%: Benchmark five-year interest rates
  • 6.81%: Previous close for benchmark five-year interest rates on Thursday
  • 3 basis points: Increase in benchmark five-year interest rates

Global Market Drivers And Crude Movements

US Treasury yields traded at multidecade highs on Thursday as investor bets on another rate hike from the Federal Reserve mounted. Oil prices fell on Friday as signals that Iran is open to a negotiated agreement with the United States eased some geopolitical risk, while improving US-China trade relations also weighed on crude prices.

Domestic Debt And Benchmark Rates

Back home, the yields on new 10-year Government Stock were trading 2 basis points higher at 7.13% from its previous close of 7.11% on Thursday. The benchmark five-year interest rates were trading 3 basis points higher at 6.84% from its previous close of 6.81% on Thursday.

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