Bond yields edged lower on Wednesday as the government reduced the amount of bond sales in January and February after a recent surge in inflows into a government-run deposits scheme.
In the global market, U.S. Treasury bond yields rose on Tuesday after a stronger-than-expected U.S. manufacturing report for December that reflected a steadily improving economy. Furthermore, Oil edged higher, with top exporter Saudi Arabia expected to raise prices for its crude as part of planned supply cuts, although a strong dollar and moderate economic growth prospects restricted gains.
Back home, the yields on new 10 year Government Stock were trading 6 basis points lower at 6.40% from its previous close of 6.46% on Tuesday.
The benchmark five-year interest rates were trading 7 basis points lower at 6.56% from its previous close of 6.63% on Tuesday.