Bond yields traded flat on Wednesday as investors awaited another round of open market purchase of notes by the central bank.
In the global market, U.S. Treasury yields fell on Tuesday in line with their U.K. counterparts on chances that parliament may have to ratify a British exit from the European Union, which reduced some bets that the U.K. would lose access to the single market. Furthermore, oil prices rose, lifted by a report of falling U.S. crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish momentum.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.82% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.71% from its previous close of 6.72% on Tuesday.