Bond yields edged lower on Wednesday, after the central bank said it will buy notes through a so-called open market operation this week.
In the global market, U.S. Treasury yields retreated on Tuesday as trade tensions between China and the United States intensified after President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods while Beijing warned it would fight back. Furthermore, Oil prices rose in early Asian trading, supported by a drop in U.S. commercial crude inventories reported by the American Petroleum Institute.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 7.84% from its previous close of 7.86% on Tuesday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.89% from its previous close of 7.91% on Tuesday.