Bond yields remained steady on Thursday as investors remained cautious ahead of the key macro data- March IIP and April CPI numbers due to be unveiled today.
In the global market, Treasury yields fell on Wednesday after the U.S. government saw strong demand for its $23 billion auction of 10-year notes, the second sale of $62 billion in new coupon-bearing debt this week. Furthermore, Oil prices fell early on Thursday, weighed by the gradual return of Canadian oil sands production, reversing a sharp rise the previous day when the U.S. government detailed an unexpected fall in crude inventories.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.42% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.40% from its previous close at 7.42% on Wednesday.