Bond yields traded lower on Thursday as investors got support after the U.S. Federal Reserve kept its key interest rates unchanged as expected.
In the global market, US Treasury yields fell on Wednesday after the Federal Open Market Committee kept U.S. overnight interest rates unchanged and lowered its economic growth expectations, prompting investors to write down the chances for more rate hikes this year. Furthermore, Oil prices fell on Thursday, heading for a sixth day of declines, following a lower than expected draw on U.S. stockpiles and amid worries Britain might leave the European Union.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.50% from its previous close at 7.51% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point at 7.40% from its previous close at 7.41% on Wednesday.