Bond yields traded flat on Wednesday, amid a lack of fresh cues, as investors remained cautious ahead of holidays during the week.
In the global market, The U.S. Treasury yield curve flattened on Tuesday as 2-year yields rose to their highest level since November 2008 and yields on longer-dated maturities declined. Furthermore, Oil prices rose, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.77% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 6.67% on Tuesday.