Bond yields edged lower on Thursday as investors expected a policy rate cut next month amid truncated government borrowing.
In the global market, U.S. Treasury debt yields slid in choppy trading on Wednesday after minutes of the last Federal Reserve meeting struck a more uncertain tone than the market expected, especially with respect to the new administration's fiscal policies. Furthermore, Oil prices dipped on doubts producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.36% from its previous close of 6.37% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.55% from its previous close of 6.56% on Wednesday.