Bond yields edged lower on Thursday, tracking an overnight fall in crude oil prices and as the rupee is expected to gain against the dollar.
In the global market, US Treasury prices reversed earlier losses on Wednesday after a German spokesman contradicted an earlier report that the British and German governments had abandoned key Brexit demands. Furthermore, Oil prices fell as emerging market woes weighed on sentiment, while a deadline neared for a potential new round of US tariffs on another $200 billion of Chinese goods.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 8.04% from its previous close of 8.05% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points higher at 8.13% from its previous close of 8.11% on Wednesday.