Bond yields trade lower on Friday
Key Highlights
Bond yields for the 10-year Government Stock traded at 7.13% on Friday. The rate fell 3 basis points from the previous close of 7.16%.
Bond yields traded lower on Friday as the new 10-year Government Stock moved down 3 basis points. The benchmark instrument reached 7.13% during the session, falling from its previous close of 7.16% recorded on Thursday.
The five-year interest rates also saw a decline, trading 6 basis points lower at 6.95% compared to the 7.01% close on Thursday. These movements follow recent trends in the global market where the 10-year Treasury note yield pulled back as investors sought safe-haven assets.
Market participants are currently monitoring developments in crude oil prices, which have seen fluctuations amid hopes for a de-escalation in the conflict between the United States and Iran. Investors are also weighing the potential for diplomatic breakthroughs against risks of renewed military activity following the midterm elections. Global sentiment remains influenced by a recent sell-off in the technology sector and the anticipation of the October jobs report due Friday. Oil prices rose on Friday as investors weighed the risk of renewed military escalation alongside prospects for a diplomatic breakthrough.
Based on company and agency reports. For information only; not investment advice.