Bond yields edged higher on Wednesday, as investors remained concerned ahead of the release of minutes of the U.S. Federal Reserve’s latest policy meeting later today.
In the global market, treasury yields held their ground Tuesday as traders looked ahead to Wednesday’s release of the minutes of the Federal Reserve’s last policy meeting. Furthermore, Oil prices edged lower as the market took a breather on expectations OPEC may raise supplies as early as June, although geopolitical risks kept a floor under the market.
Back home, the yields on new 10 year Government Stock were trading 5 basis points higher at 7.86% from its previous close of 7.81% on Tuesday.
The benchmark five-year interest rates were trading 5 basis points higher at 7.83% from its previous close of 7.78% on Tuesday.