Bond yields edged higher on Wednesday, after retail inflation for July picked up pace for the first time in four months, limiting hopes of future interest rate cuts.
In the global market, U.S. benchmark Treasury yields rose to one-week highs on Tuesday as investors pared low-risk bond holdings on signs of easing U.S.-North Korean tensions and on strong domestic retail sales and regional factory activity data. Furthermore, Oil prices edged up on a fall in U.S. crude inventories, although markets were still being weighed down by general oversupply.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.53% from its previous close of 6.52% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.51% from its previous close of 6.50% on Monday.