Bond yields edged lower on Thursday, as crude oil prices extended their losses with the benchmark Brent crude oil falling below $75 per barrel, while the central bank’s open market purchase of notes will further aid appetite.
In the global market, US Treasury yields rose on Wednesday in step with equities, as a stronger stock market reduced safe-haven demand for US government debt. Furthermore, Oil prices fell, extending losses in previous sessions, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 7.82% from its previous close of 7.85% on Wednesday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.81% from its previous close of 7.83% on Wednesday.