Bond yields edged higher on Wednesday, as investors preferred to remain on sidelines ahead of key economic data -- August IIP and September CPI, which are scheduled to be released tomorrow.
In the global market, U.S. Treasury prices pared gains on Tuesday after Catalonia's leader proclaimed independence for the region but suspended the effects pending talks, easing some immediate concerns about violent clashes on the issue. Furthermore, Oil prices edged up on signs that markets are gradually tightening after years of oversupply, although the outlook for 2018 remained less certain.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.76% from its previous close of 6.74% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.70% from its previous close of 6.69% on Tuesday.