Bond yields edged higher on Thursday, as investors remained concerned after members of the Monetary Policy Committee warned of inflation risks.
In the global market, U.S. Treasury yields rose on Wednesday in choppy trading, after minutes of the latest Federal Reserve meeting affirmed expectations of further rate increases this year, with economic growth seen accelerating. Furthermore, Oil prices fell, pulled down as a firmer dollar outweighed a report of a decrease in U.S. crude inventories.
Back home, the yields on new 10 year Government Stock were trading 7 basis points higher at 7.78% from its previous close of 7.71% on Wednesday.
The benchmark five-year interest rates were trading 5 basis points higher at 7.53% from its previous close of 7.48% on Wednesday.