Bond yields traded flat on Thursday after Arun Jaitley expressed concern over the worrying signs of economic protectionism and has said the continued unpredictability in ties between major powers has brought new uncertainties to the fore.
In the global market, U.S. Treasury prices rose on Wednesday, reversing steep losses sustained the last few sessions, as President Donald Trump unveiled a tax reform plan that largely underwhelmed the market. Furthermore, Oil prices dipped, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.95% on Wednesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.03% on Wednesday.