Bond yields traded flat on Wednesday, as investors awaited cues from the two-day monetary policy committee meeting which ends on Thursday. It is widely expected that the central bank will maintain status-quo on key interest rates.
In the global market, U.S. Treasury yields rose on Tuesday as stock markets firmed and as investors looked ahead to Friday's closely watched employment report for March. Furthermore, oil prices slipped on expectations for a build-up in U.S. crude inventories, but Russian government comments on prospects for stepping up cooperation with OPEC to coordinate output cuts braked steeper declines.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.33% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.26% on Tuesday.