Bond yields edged marginally lower on Wednesday, tracking a fall in U.S. Treasury yields amid ongoing geopolitical tensions.
In the global market, the U.S. Treasuries market rallied on Tuesday, with the 10-year yield hitting a near 10-month low, as worries about further nuclear tests by North Korea and concerns about Irma, a powerful storm heading toward the southern United States, spurred safety bids. Furthermore, Oil prices dipped as crude demand remained subdued on the back of refinery closures following Hurricane Harvey which hit the U.S. Gulf coast 10 days ago.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.49% from its previous close of 6.50% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 6.50% on Tuesday.