Bond yields edged lower on Wednesday on speculation a banking system awash with cash will boost demand for debt.
In the global market, U.S. Treasury yields edged lower on Tuesday, with long-dated yields touching their lowest levels in nearly two weeks, as institutional investors bought U.S. government bonds to balance their portfolios after this month's selloff. Furthermore, oil markets were jittery ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.
Back home, the yields on new 10 year Government Stock were trading 8 basis points lower at 6.24% from its previous close of 6.32% on Tuesday.
The benchmark five-year interest rates were trading 8 basis points lower at 6.18% from its previous close of 6.26% on Tuesday.