Bond yields trade lower on Thursday
Key Highlights
Bond yields for the 10-year Government Stock traded lower at 7.38% on Thursday. The decline follows global treasury and oil price movements.
Bond yields traded lower on Thursday as the 10-year Government Stock yield fell 6 basis points to 7.38%. This movement follows a previous close of 7.44% recorded on Wednesday. Market participants observed these changes alongside shifts in global treasury yields and crude oil prices.
The benchmark five-year interest rates also moved lower during the session. These rates traded 2 basis points down to 7.31% from the previous close of 7.33% on Wednesday. The current market activity follows broader trends observed in international financial instruments and commodity markets.
Global factors influenced the local bond market sentiment on Thursday. The 10-year US Treasury yield moved higher on Wednesday after the Federal Reserve decided to hold interest rates steady at its October meeting. Additionally, crude oil prices fell on Thursday as expectations for peace talks reduced concerns regarding potential supply disruptions in the Middle East. These global developments provided the context for the current trading session in the domestic bond market.
Based on company and agency reports. For information only; not investment advice.