Bond yields traded lower on Wednesday, as Indian rupee gained further in the afternoon trade after it saw positive opening in early trade today.
In the global market, US Treasury yields rose on Tuesday, as investors continued to price in more interest rate increases by the Federal Reserve this year and next and amid a heavy corporate bond schedule this week. Furthermore, Oil prices pulled back from gains racked up the previous day, pushed down amid a surprise climb in US crude stockpiles.
Back home, the yields on new 10 year Government Stock were trading 1 basis points lower at 8.13% from its previous close of 8.14% on Tuesday.
The benchmark five-year interest rates were trading 3 basis points higher at 8.20% from its previous close of 8.17% on Tuesday.