Bond yields edged lower on Thursday tracking U.S. Treasury yields, after the Federal Reserve expectedly kept its policy rate unchanged.
In the global market, U.S. Treasury yields fell to their lowest in a week on Wednesday as uncertainty ahead of next week's U.S. presidential election enhanced the appeal of safe-haven bonds and the Federal Reserve did not commit to an imminent interest rate hike. Furthermore, crude oil prices rose as a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows.
Back home, the yields on new 10 year Government Stock were trading 9 basis points lower at 6.81% from its previous close of 6.90% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.70% from its previous close of 6.72% on Wednesday.