Bond yields edged lower on Thursday after minutes of the last Federal Reserve meeting indicated no certainty about an interest rate hike in the U.S. next month.
In the global market, U.S. long-dated Treasury debt yields edged lower on Wednesday in choppy trading, after minutes of the latest Federal Reserve monetary policy meeting struck a cautious tone on raising interest rates, reducing expectations of a hike next month. Furthermore, oil futures rose nearly 1 percent after data released by an industry group showed a surprise decline in U.S. crude stocks as imports fell, lending support to the view that a global glut is ending.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.93% from its previous close of 6.94% on Wednesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.00% on Wednesday.