Bond yields edged higher on Thursday, tracking a jump in U.S. Treasury yields.
In the global market, U.S. Treasury yields on most maturities rose on Wednesday, with those on benchmark 10-year notes hitting a four-year high, boosted by data showing consumer prices in the world's largest economy gained more than expected last month, with underlying inflation posting its largest monthly increase in a year. Furthermore, oil prices extended gains from the previous session, pushed up by a weak dollar and by comments from Saudi Arabia that it would rather see an undersupplied market than end a deal with OPEC and Russia to withhold production.
Back home, the yields on new 10 year Government Stock were trading 6 basis points higher at 7.56% from its previous close of 7.50% on Wednesday.
The benchmark five-year interest rates were trading 4 basis points higher at 7.36% from its previous close of 7.32% on Wednesday.