Bond yields traded higher on Wednesday as crude oil prices and US Treasury yields extended gains, making the nation's debt less attractive.
In the global market, US Treasury yields rose for a third day on Tuesday, in line with higher US stocks, as optimism over a trade deal between the United States and China boosted risk appetite. Furthermore, Oil prices rose, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.46% from its previous close of 7.45% on Tuesday.
The benchmark five-year interest rates were trading flat at its previous close at 7.29% on Monday.
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