Bond yields traded flat on Wednesday, as investors remained cautious ahead of the release of India’s latest monetary policy minutes.
In the global market, U.S. Treasury yields rose on Tuesday with the benchmark 10-year yield hovering near a four-year peak as investors made room for this week's deluge of $258 billion of government debt supply. Furthermore, Oil prices fell, weighed down as the U.S. dollar moved further away from three-year lows hit last week.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.67% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.45% on Tuesday.