Bond yields edged higher on Thursday as investors awaited the next set of global and domestic cues.
In the global market, U.S. Treasury debt yields rose on Wednesday, bolstered by a fresh batch of economic data that enhanced the outlook for third-quarter U.S. gross domestic product data due on Friday. Furthermore, Oil prices were stable, but remained below $50 a barrel, as doubts over OPEC's ability to organize a coordinated production cut weighed on markets, while firm demand and concerns over Venezuela's stability offered support.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.88% from its previous close of 6.87% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.71% from its previous close of 6.69% on Wednesday.