Bond yields traded flat on Wednesday as investors turned cautious as British Prime Minister Theresa May signed a letter on Tuesday to European Council President Donald Tusk notifying the European Union of Britain's intention to leave the bloc.
In the global market, U.S. Treasury debt yields rose on Tuesday, in generally below-average volume, tracking a jump in stocks after U.S. consumer confidence surged to a 16-year high. Furthermore, Oil prices extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.71% on Tuesday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.85% from its previous close of 6.87% on Tuesday.