Bond yields edged higher on Thursday as investors turned jittery after the Indian Army announced surgical strikes against terrorists across Line of Control.
In the global market, U.S. long-dated Treasury debt yields edged higher on Wednesday, boosted by a Reuters report that OPEC has reached a deal to limit oil production, with the agreement to be implemented in November. Furthermore, Gold prices inched up as the dollar slipped following a deal by oil producers to curb output.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.94% from its previous close of 6.92% on Wednesday.
The benchmark five year yields were trading 1 basis point higher at 6.84% from its previous close of 6.83% on Wednesday.