Bond yields remained steady on Thursday amid lack of triggers. Sentiments were dampened after US Federal Reserve chief Janet Yellen rekindled hopes of an interest rate hike in December stating growth in the US economy.
In the global market, U.S. two-year Treasury yields hit their highest in four and a half years on Wednesday after Federal Reserve Chair Janet Yellen said the U.S. economy was 'performing well' and could justify an interest rate hike in December. Furthermore, Oil futures were up slightly in Asian trade on Thursday after losses the previous session on official figures showing a sixth consecutive week of inventory gains in U.S. crude stockpiles.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.65% on Wednesday.
The benchmark five-year interest rates were trading flat from its previous close at 7.68% on Wednesday.