Government bond yields trade flat on Friday
Key Highlights
The yields on new 10 year Government Stock were trading flat with its previous close of 7.38% on Thursday
Bond yields on the new 10 year Government Stock traded flat on Friday. These instruments remained steady at their previous close of 7.38% recorded on Thursday.
Market sentiment stayed cautious throughout the session following rising oil prices. These price increases occurred amid signs that the U.S. might resume military strikes against Iran. Global supply concerns also grew after Yemen’s Iran-aligned Houthis increased attacks on Saudi Arabia. Oil prices are currently on track for a fourth consecutive monthly gain, representing the steepest increase since July.
In international markets, the 10-year U.S. Treasury yield remained below 5% on Thursday. This followed the release of recent inflation data and economic growth figures. Domestically, the benchmark five-year interest rates also traded flat compared to their previous close of 7.31% on Thursday. Market participants monitored these global developments closely throughout the trading day, noting the impact of external supply pressures on domestic financial instruments and the broader economic environment as the session progressed.
Based on company and agency reports. For information only; not investment advice.