Bond yields edged higher on Thursday as another round of an open market purchase of notes by the central bank remains elusive ahead of a fresh debt auction on October 21, 2016.
In the global market, U.S. Treasury yields were little changed on Wednesday as dealers bought and sold government bonds to hedge securities they underwrote, which was led by Saudi Arabia's first-ever global bond issue. Furthermore, oil prices dipped on profit taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production.
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 Wednesday.
The benchmark five year yields were trading 1 basis point higher at 6.72% from its previous close of 6.71% on Wednesday.