Bond yields edged higher on Thursday, as traders await the central bank’s open market purchase of notes later today.
In the global market, US Treasury yields fell on Wednesday, as investors fretted about renewed weakness on Wall Street, which could signal much deeper problems in the world's largest economy. Furthermore, Oil prices fell, pressured by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.75% from its previous close of 7.73% on Wednesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.59% on Wednesday.