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Bond Yields Trade Lower Wednesday Amid Global Market Cues

By ThePip DeskBond Yields Trade Lower Wednesday Amid Global Market Cues

Bond yields traded lower on Wednesday, with the 10-year Government Stock dropping to 7.14% amid elevated global yields and rising energy prices.

Bond yields traded marginally lower on Wednesday as global yields and energy prices remained elevated.

Global Market Pressures

In the global market, the yields on longer-dated U.S. Treasurys rose Tuesday, adding to their rip-roaring moves to multi-year highs due to concerns around inflation and central bank monetary policy. Furthermore, oil prices rose on Wednesday after U.S. President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East.

Domestic Benchmark Moves

Back home, domestic debt gauges tracked modest downward adjustments alongside international counterparts.

  • 7.14%: The yields on new 10-year Government Stock were trading 1 basis point lower from its previous close of 7.15% on Tuesday.
  • 6.84%: The benchmark five-year interest rates were trading 1 basis point lower from its previous close of 6.85% on Tuesday.
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