Bond yields edged higher on Thursday amid absence of fresh triggers and ahead of debt sale tomorrow, while traders also await announcement of the new central bank governor.
In the global market, U.S. Treasury debt prices rose on Wednesday with the two-year yield retreating from a three-week high, as the minutes from the Federal Reserve meeting in July hinted at a general agreement that more data are required for an interest rate increase. Furthermore, Oil prices dipped as the prospect of record Saudi output weighed on markets and as traders cashed in on profits following an almost uninterrupted price rally this month of nearly 20 percent.
Back home, the yields on new 10 year Government Stock were trading 1 basis points higher at 7.11% from its previous close of 7.10% on Wednesday.
The benchmark five year yields were trading 1 basis points higher at 7.04% from its previous close of 7.03% on Wednesday.