Bond yields edged higher on Thursday, as traders opted to remain on sidelines ahead of Balance of trade figure for the month of February to be released later in the day.
In the global market, the U.S. Treasury yield curve flattened on Wednesday as the market turned cautious over rising diplomatic tension between Britain and Russia, weak U.S. economic data and concerns over U.S. political and trade issues. Furthermore, Oil prices held steady, supported by healthy global demand but capped by the relentless rise in U.S. production that is undermining efforts led by producer cartel OPEC to cut supplies and prop up markets.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.69% from its previous close of 7.68% on Wednesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.44% on Wednesday.