Bond yields traded flat on Thursday, as investors remained cautious ahead of fresh supply of papers through two auctions scheduled for today and tomorrow.
In the global market, U.S. Treasury yields were little changed on Wednesday on light trading volume with benchmark yields hitting their lowest levels in nearly three weeks in advance of a meeting of European Central Bank policymakers on Thursday. Furthermore, oil prices held steady following solid gains the previous day when falling U.S. fuel inventories lifted the market.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.45% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.55% from its previous close of 6.54% on Wednesday.