Yield Curve Shifts as Interest Rates Decline

Bond & T-Bill yields declined across all tenors on Tuesday with changes ranging from 1 to 13 bps. For Tenors Up to 1 Year, average decline was 2bps, whereas for 2 to 30 years average decline was 6bps with the most being in 5Y which declined by 13bps.

Since the start of Month, yields have declined by an average of 20bps across all tenors with yields up to 1 year coming down by an average of 10bps while yields from 2 to 30 Year have declined by an average of 25bps.