Bond yields edged marginally lower on Wednesday, on sustained demand from corporates and banks. However, the gains remained capped as the market prepared for a fresh supply of notes this week.
In the global market, U.S. Treasury yields rose on Tuesday as investors awaited speeches by top central bankers later in the week for signals about monetary policy, and in the absence of major economic data. Furthermore, Oil prices fell, squeezed between concerns of oversupply, sparked by rising Libya output, and fears of reduced future investment in the industry.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.53% from its previous close of 6.54% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 6.50% on Tuesday.