Bond yields edged lower on Wednesday, tracking lower crude oil prices that improve the outlook for domestic inflation.
In the global market, U.S. Treasury yields inched higher on Tuesday, as risk appetite improved with Wall Street shares hitting record highs after upbeat consumer confidence data and a Senate panel vote to advance a U.S. tax bill. Furthermore, Oil prices fell on doubts OPEC and Russia will agree an extended crude production cut that the market has priced in, and after a report of an unexpected rise in U.S. fuel inventories.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.02% from its previous close of 7.03% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.88% from its previous close of 6.89% on Tuesday.