Bond yields traded lower on Wednesday, as U.S. Treasury yields as well as crude oil prices eased overnight. However, gains remained capped as traders awaited retail inflation data due tomorrow.
In the global market, the yields on US longer-dated Treasuries trimmed their earlier rise late on Tuesday following a Bloomberg report, citing sources that US President Donald Trump is ready to release of an additional $200 billion in Chinese goods to be hit with tariffs. Furthermore, Oil prices fell, with Brent dropping by more than $1, after the United States said it would consider requests for waivers from sanctions due to snap back into place on Iranian crude exports.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.89% from its previous close of 7.90% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 8.04% on Tuesday.
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