Bond yields edged lower on Wednesday amid volatility, as the government's decision to flush out high-denomination currency notes from circulation to crack down on illicit cash may buoy the rupee.
In the global market, U.S. Treasury yields rose across the board on Tuesday, recovering from early lows, as investors increasingly priced in an election victory for Democratic presidential candidate Hillary Clinton. Furthermore, oil prices turned downhill as early counting showed Republican Donald Trump was doing better than expected in several crucial battleground states in the U.S. presidential election.
Back home, the yields on new 10 year Government Stock were trading 12 basis points lower at 6.68% from its previous close of 6.80% on Tuesday.
The benchmark five-year interest rates were trading 9 basis points lower at 6.61% from its previous close of 6.70% on Tuesday.