Bond yields traded lower on Wednesday, after the central bank announced fresh rounds of open market note purchases for this week and for December.
In the global market, Treasury yields fell on Tuesday afternoon after $40 billion of new five-year notes were sold to strong demand and on resurgent worries about US-China trade tensions. Furthermore, Oil prices rose ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 7.69% from its previous close of 7.73% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.60% on Tuesday.