Bond yields edged lower on Thursday, on sustained demand from corporates and banks.
In the global market, U.S. Treasury yields fell on Wednesday and the yield curve was its flattest since 2007 after the Treasury Department said it would keep auction sizes steady in the coming months, despite the Federal Reserve's plan to reduce its bond holdings. Furthermore, Oil prices edged up as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC-led supply cut continued to tighten the market.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.88% from its previous close of 6.89% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.75% from its previous close of 6.77% on Wednesday.