Bond yields edged higher on Thursday, amid expectations of a further depreciation in the local currency, and ahead of fresh supply of bonds today.
In the global market, US Treasury yields fell on Wednesday after two straight days of gains as risk appetite soured amid nagging concerns about fallout from the Turkish crisis hitting other emerging markets. Furthermore, Oil prices recouped some of the previous day's losses after Beijing said it would send a delegation to Washington in an attempt to resolve trade disputes between the United States and China that have roiled global markets.
Back home, the yields on new 10 year Government Stock were trading 5 basis points higher at 7.87% from its previous close of 7.82% on Tuesday.
The benchmark five-year interest rates were trading 7 basis points higher at 7.93% from its previous close of 7.86% on Tuesday.