Bond yields edged higher on Thursday, after a hawkish Federal Reserve policy statement increased bets of a U.S. rate hike next month.
In the global market, benchmark U.S. Treasury yields rose after the Federal Reserve kept interest rates unchanged and downplayed weak first-quarter economic growth, keeping a rate increase in June on the table. Furthermore, Crude oil lost ground, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline in U.S. inventories.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.97% from its previous close of 6.96% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.08% from its previous close of 7.06% on Wednesday.