Bond yields edged higher on Thursday, as investors awaited minutes of the April policy meeting of the nation's rate-setting Monetary Policy Committee.
In the global market, U.S. government debt yields rose on Wednesday, with short-term rates hitting multiyear highs as investors looked to equities amid largely positive earnings reports. Furthermore, Oil prices remained close to highs touched the previous day that were last seen in late 2014, buoyed as U.S. crude inventories declined and as top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.
Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 7.64% from its previous close of 7.54% on Wednesday.
The benchmark five-year interest rates were trading 12 basis points higher at 7.55% from its previous close of 7.43% on Wednesday.