Bond yields edged higher on Thursday tracking gains in U.S. yields, even as investors expect retail inflation to have further eased in September.
In the global market, U.S. Treasury yields rose on Wednesday, with bonds pressured by incoming supply and growing expectations that the Federal Reserve will raise interest rates later this year. Furthermore, Oil prices fell on Thursday after OPEC said that its production had risen to its highest level in at least eight years and following reports of an increase in U.S. crude stockpiles.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.83% from its previous close of 6.82% on Monday.
The benchmark five year yields were trading 2 basis points higher at 6.73% from its previous close of 6.71% on Monday.