Bond yields traded higher on Thursday as investors refrain from adding to their long positions ahead of the release of retail inflation data next week.
In the global market, U.S. 10-year Treasury yields fell on Wednesday after the government sold $20 billion in 10-year notes to strong demand, the second tranche of a total $56 billion in coupon-bearing supply this week. Furthermore, Oil prices remained near 2016 highs on Thursday, buoyed by a fall in U.S. crude inventories, a weaker dollar and strong demand.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.49% from its previous close at 7.48% on Wednesday.
The benchmark five-year interest rates were trading flat from its previous close at 7.42% on Wednesday.