Bond yields edged lower on Thursday, as another fall in crude oil prices eased rate hike fears, while the central bank’s open market purchase of notes is also expected to aid.
In the global market, US Treasury yields fell on Wednesday after data showed that new orders for US-made capital goods were weaker than expected, and as stock markets pared earlier gains. Furthermore, oil prices dipped after US crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops.
Back home, the yields on new 10 year Government Stock were trading 5 basis points lower at 7.74% from its previous close of 7.79% on Wednesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.64% on Wednesday.