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Bond yields refer to the interest rate paid by a bond issuer to the bondholder. When bond yields rise, it means that the interest rate on new bonds being issued is increasing, and the price of existing bonds may decrease.
The statement "Bond yields rise tracking US peers; volume low ahead of year-end" suggests that bond yields in a particular market are increasing and are following the trend of bond yields in the United States. The mention of "volume low ahead of year-end" suggests that there may be less activity in the bond market due to the approaching end of the year.
There are many factors that can affect bond yields, including economic conditions, inflation expectations, and investor demand. When the economy is strong and there is a high demand for credit, bond yields may rise as issuers can afford to pay higher interest rates to attract investors. Conversely, when the economy is weaker or there is less demand for credit, bond yields may decrease.
It is common for bond yields to fluctuate over time based on a variety of market conditions and factors.
